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Benefits and problems of implementing data warehousing services for your organization.
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Introduction • Data warehousing services can be defined as "A subject-oriented, unified, time-modified, and non-volatile collection of data in support of decision-making process of management and its implementation for a company." The successful implementation of a data warehouse can get major, benefits to an organization. But wrong implementation can create problem on the other side.
BENEFITS • Potential high returns on investment Implementation of data warehousing by an organization requires a huge investment normally from 1 million to 5 million rupees. However, a study by the International Data Corporation in 1996 reported that average three-year returns on investment (ROI) in data warehousing reached 401%. • Accurate decisions Data warehousing enhance the efficiency of decision-makers by creating a joined database of reliable, subject-oriented, chronological data.
BENEFITS.. • Accurate decisions Data warehousing enhance the efficiency of decision-makers by creating a joined database of reliable, subject-oriented, chronological data. • More cost-effective decision-making Data warehousing helps to reduce the general cost of the product by reducing the number of channels. • Better enterprise intelligence. It helps to provide better enterprise intelligence. • It is used to enhance customer" service. • Enhanced customer service.
Problems • Data homogenization The concept of data warehouse deals with similarity of data formats between different data sources. Thus, results in to lose of some important value of the data. • High maintenance Data warehouse solutions needs high maintenance systems. Any reorganization· of the business processes and the source systems may affect the data warehouse and it results high maintenance cost.
Problems.. • Complexity of integration The most significant area for the managing a data warehouse is the integration abilities. An organization must have to research for determining how well the numerous different data warehousing tools can be integrated into the overall solution that is needed. This can be a very tough task, as there are a number of tools for every operation of the data warehouse. • High demand for resources The data warehouse requires large amounts of data.
Conclusion Not every type of DW is relevant to your business makeup or industry, even that’s why wrong implementation can ruin your business. No matter your needs or concerns, our specialists at Business Impact look forward to helping you make the right decision when it comes to selecting the right BI solution for your company. Contact us today about how we can help your organization get the most out of its business intelligence solution.
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