One data platform for all cases: What modern data warehouses like SAP Datasphere or Microsoft Fabric can do
Berries and mushrooms. Coins and jewelry. Objects of art and vintage cars. Or pins and reels as vacation inspiration. We humans have always been collectors and have hoarded quite a few things over the past millennia. Currently the most important collector’s item with the greatest increase in value? Data! Because without it, nothing works in an economic context. And this has now led to many companies finding themselves in a veritable data jungle that needs to be conquered and put to good use. Data warehouses are one of the most important tools here. This article reveals why they play such an important role, what characterizes them and what we can offer you in this regard.
The data jungle is growing
Personal information, sales figures, purchasing statistics, machine data, research material. The data in companies is piling up. It’s just as well that we have arrived in the digital era. Because to store all this in printed form, companies would need huge warehouses. And the necessary staff to deal with these mountains of paper. Fortunately, we now collect our data on servers or in the cloud. But although our mountains of data have at least physically shrunk, one danger remains: getting lost in the data jungle.
One of the most important questions for companies is therefore: How can I keep track of all my data? How can I bundle it in one place? And also: How can I quickly filter out the most important information from the amount of data that has multiplied in recent times in order to draw conclusions for action? Because one thing is clear: simply hoarding data – without a purpose and without a goal – makes little sense. It is much more important to make a positive economic impact with it and to use this valuable asset sensibly. And this is precisely where data warehouses, i.e. modern data platforms, come in.