Data is a valuable resource for any company. It can help boost an advantage in competitiveness, increase revenue and customer loyalty. But it’s only useful only if you know how to use it effectively. That requires a well-defined strategy and software tools.
Organizations generate huge amounts of data from a wide variety of sources. To make this information available to employees for analytical decisions, the company needs to ingest it and then organize it into a central repository. This is the point where software for managing data comes in. It is a system for collecting, storing and distributing data needed to support the company’s core business systems and software solutions.
There’s a wide range of options available in relation to software for managing data. Certain solutions are standalone, while others provide an application that can be utilized in all data environments. It is important to choose the right solution that can provide the functionality your business needs and can be scaled to meet the demands of growth.
For example, a retail company that is looking to automatize its ETL/ELT process can use a software like Blendo or SQL Server Integration Services (SSIS) to extract and load data into a data warehouse. Or, the company could use the Hevo Data solution that provides a real-time pipeline for data and is compatible with 150+ sources systems.
Other tools provide advanced features like predictive analytics, monitoring of data quality and visualization. These tools can reduce the time it takes employees to complete their data tasks. This may improve productivity and efficiency. They also assist in safeguarding sensitive information and ensure compliance with consumer protection laws.