Data is among the most valuable resources to businesses. It can aid in gaining competitive advantage, increase sales and improve customer loyalty. But it’s only helpful if you can tame and use it effectively. That requires a well-defined strategy and the right software tools.
Organizations generate huge amounts of data. To make this information available to employees for analytical decisions, the company must gather it and organize it in a central repository. This is the reason software for data management is available. It provides a platform for collecting, storing and distributing data required to support the firm’s core business systems and software solutions.
There’s a variety of options available in relation to software for managing data. Some tools are standalone while others provide a unified platform which can be used across all data environments. It is important to choose a solution that provides the features your company requires and can be scalable to meet the needs of growing businesses.
For instance, a large retail company looking to automatize its ETL/ELT processes could employ a tool like Blendo or SQL Server Integration Services (SSIS) to extract and load data into the data warehouse. Or, it could use a solution like Hevo Data that allows you to create an automated data pipeline in real-time and support a variety of 150+ source systems and databases.
Other tools provide advanced features like predictive analytics and monitoring of data quality. These tools can cut down the amount of time required for employees to complete their data tasks. This could increase productivity and efficiency. They also protect sensitive information and ensure compliance to consumer protection laws.