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.
Not all reporting is the same
ERP system:
Example: Employees have to order production utensils and have many suppliers to choose from. To make the best choice, they analyze their payment practices. In this way, they switch from an operational activity, namely creating the order, to an analysis that tells them which suppliers have delivered on time in the past or where there have been problems.
Data Warehouse:
For example, it can be used to look at sales trends over the last few years, making outliers visible. Subsequently, it can be determined what the reasons for this were and how this can be prevented in the future.
One place for all data
The data warehouse, on the other hand, is a central point where everything comes together, is bundled and linked. And can subsequently be evaluated. So when it comes to mapping the big picture - and this is becoming increasingly important these days - companies can no longer avoid a modern data platform or data warehouse.
The future is called: Business Data Fabric
Now you just need to decide on a system.