Data is among the most valuable resources to businesses. It can help drive competitive advantage, boost sales and improve customer loyalty. It’s only beneficial if you have control over and use it effectively. That requires a well-defined strategy and software tools.
Organizations produce huge amounts of data derived from a range of sources. To make that data available to employees for analysis the company has to ingest and organize it into one central repository. This is where the data management software is needed. It’s a system to store, collect and distribute the data that is needed for a company’s core software and business systems.
There’s plenty of choice in relation to software for managing data. Some solutions are standalone tools while others provide a unified platform which can be used across all data environments. It is important to choose an option that has the features that your business requires and that is scalable up to meet future growth needs.
A major retailer for instance, who is looking to automatize their ETL/ELT process could use an application such as Blendo or SQL Server Integration Services to extract and load the data into a warehouse. It could also use an application such as Hevo Data, which can build an actual-time data pipeline and support a broad range of 150+ source systems and databases.
Other tools offer advanced capabilities such as predictive analytics, monitoring of data quality and visualization. These tools can help cut down the time required by employees to complete data tasks. This may improve productivity and efficiency. They also help safeguard sensitive information and retrieve deleted data using recovery software ensure compliance with consumer protection laws.
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