Data is among the most valuable resources available to a business. It can help drive an advantage in competitiveness, increase revenue and customer loyalty. However, it’s only effective only if you know how to use it effectively. It requires a well-defined strategy and software tools.
Organizations generate huge amounts of data derived from a variety of sources. To make this information accessible to employees for analysis decision making, the company must ingest it and organize it in an organized repository. This is the reason software for data management comes in. It’s a system to store, collect and distribute the data that is needed for the core software of the company as well as business systems.
The market is flooded with software for data management. Some are standalone solutions while others offer a unified platform that can be used in all data environments. It is important to choose an option that provides the functionality that your company requires and can be scaled up to meet future growth requirements.
For instance, a large retail company that is looking to automatize its ETL/ELT processes can use a software like Blendo or SQL Server Integration Services (SSIS) to extract and load data into the data warehouse. It could also employ a Hevo Data solution that can create an in-real-time data pipeline that supports 150+ source systems.
Other tools offer advanced capabilities like predictive analytics, monitoring of data quality and visualization. These tools can reduce the time employees take to complete their data tasks. This can improve productivity and efficiency. They also help to safeguard sensitive information and ensure compliance with consumer protection laws.