No doubt that information is an extremely valuable asset, and surprisingly very few investment firms have implemented data systems that allow them to make optimum use of the data they collect daily.
If your company are starting to identify the needs of business intelligence or are looking for ways to improve or expand their current data collection system; documents like this will help you understand what a data warehouse, how it can benefit your organization, what are the tips to choose the right system for your company and how you can save time and money in the process.
What is a data warehouse or data warehouse?
This term refers to the collection of data from various information systems within the company, which are stored in a centralized location. Once the data is gathered there, they can be analyzed or used strategically and tactically in decision-making.
In many funds, information assets are often fragmented between different departments or multiple applications in different technology platforms and sometimes in different physical locations. This division and decentralization of data loss and redundancy produces information, which prevents decision-makers, have a complete and optimal overview of critical metrics of its operations.
In an efficient data warehouse, information from different systems is consolidated in one place and can be accessed by a variety of users to support the processes of analysis, reporting and other business intelligence functions. Done correctly, this can greatly alleviate the problems caused by the loss and redundancy in the information.
While the concept is deceptively simple data warehouse, architecture and technology related to it in some cases is complex, depending on the amount of information collected in the firm, the number of business centers entering information into the system, the number of end users from the complexity of the reporting and analysis needs of each investor and company itself as the number of options available in the data warehouse market.
To learn how your investment firm may benefit from a data warehouse system, we invite you to read Part 2 of this series of articles, and know our top 3 benefits of a data warehouse can provide your company.