Advantages of Combining Business Intelligence with a Data Warehouse

It is no secret that today businesses are basically swimming in a vast sea of data. Interestingly, organizations are also starting to quickly recognize the importance of harnessing the data being generated and put it to work. This means simply having data is not enough, i.e. it is also important to extract meaningful insights from said data and transform them into actionable decisions. This is precisely where business intelligence (BI) comes in. However, BI tools cannot do much on their own, especially when data is fragmented and scattered across different systems. And for that challenge, we have data warehouses.

This powerful union of BI and data warehouses, ladies and gentlemen, holds the key to unlocking valuable insights hidden within the data all around us. As a result, this union is how companies can achieve informed decision-making and, ultimately, propel their businesses towards greater success.

So, in this article, I will give you a download on some of the distinctive benefits of bringing BI together with data warehouses so you can decide if you need to hire services for data warehouse consulting. But first, let us find the answer to a pertinent question.

What Does BI Have to Do With Data Warehousing?

I must absolutely clarify that BI and data warehousing are not even similar technologies or solutions. Nevertheless, the fact remains that BI indeed needs data warehouses — the foundation of data it sets up, to be precise. To what end? Well, to do analysis and deliver insights that can possibly boost an organization’s ability to make data-driven decisions.

Advantages of Integrating BI With Data Warehouses:-

1. Real-time insights: This powerhouse integration means BI tools get access to real-time data stored in the data warehouse. This, in turn, means that the users too get the latest information. Based on this, users are able to also generate reports and dashboards in real-time, enabling timely decision-making based on, of course, up-to-date data. Yet another benefit in this particular aspect is that companies achieve a competitive edge since they get immediate insights into all crucial aspects, namely, customer behaviors, operational processes, market trends, etc. This is conducive to the business agility.
2. Improved data quality: We know that data warehouses are the centralized repository for structured and properly organized data. This, first, encourages consistency as well as cuts down the rate of data discrepancies. When BI tools come in the picture with data warehouses, the former is able to find and address inconsistencies or errors in the data to make sure that the quality and accuracy of the information is at high levels.
3. Faster decision-making: When BI tools come together with data warehouses, they are able to empower users with the ability to run self-service analytics. This helps reduce any dependencies on IT teams to run regular data queries, analysis, etc. Oh, and did I mention that BI tools also enable the creation of interactive dashboards which, in turn, aid decision-makers to visualize and understand complicated data. This, again, is how companies are able to speed up their decision-making process.
4. Performance monitoring: BI tools, which have been fortified with data warehouse integrations, empower organizations to keep a close eye on key performance indicators (KPIs) and that too in real-time. This is quite important for helping teams stay in tune with the organization’s overall goals. Additionally, BI tools can also be used to configure alerts, notifications, etc. when abnormal patterns, deviations from expected performance, etc. are found. What does that help with? With proactive intervention, of course.

There you have it, ladies and gentlemen: integrating BI tools with data warehouses truly transforms data into insights that offer organizations a competitive advantage and more.