Data is among the most valuable assets for a business. It can aid in gaining competitive advantage, increase the revenue of a company and increase customer loyalty. It’s only useful if you are able to control and utilize it effectively. This requires a clearly defined strategy and software tools.
Organizations produce huge amounts of data derived from a range of sources. To make that data accessible to employees who can make informed decisions the company must collect and organize it into an centralized repository. This is where the data management software comes in. It’s a system to store, collect and distribute the data that is needed for the company’s core software and business systems.
There’s a wide range of choice for software to manage data. Certain tools are standalone while others offer a unified platform that can be utilized across all data environments. The key is to select the right solution that can provide the features your company requires and can be scalable to accommodate the growing demands.
A retail giant for instance, which is looking to automatize their ETL/ELT process could use a tool such as Blendo or SQL Server Integration Services to extract and load the data into the warehouse. Or, the company could employ the Hevo Data solution that can create a real-time data pipeline that is compatible with 150+ sources systems.
Other tools can provide advanced features like predictive analytics, data quality monitoring and visualization. These tools can help reduce the amount of time and effort it takes employees to complete data-related tasks, which can improve productivity and efficiency. They also help safeguard sensitive information and ensure compliance with consumer protection laws.