software-served.com/2020/06/17/factory-data-reboot-advantages-and-disadvantages

Data is a valuable resource for any business. It can give you competitive advantage, boost revenue and customer loyalty. But it’s only useful only if you know how to use it effectively. It requires a well-defined strategy and the right software tools.

Companies generate huge amounts data. To make this data available to employees for decision making, the company requires to gather the data and arrange it in an organized repository. This is where data management software is needed. It offers a framework for storing, collecting and distributing data that supports the company’s core business systems and software solutions.

The market is flooded with software for managing data. Some tools are standalone while others offer a unified platform which can be used across all data environments. It is crucial to select a solution with the functionality that your business requires and that can be scaled to meet future growth needs.

For instance, a retail company that is looking to automate its ETL/ELT processes could make use of a tool such as Blendo or SQL Server Integration Services (SSIS) to extract and load data into an data warehouse. Or, it could use a solution like Hevo Data, which can build an actual-time data pipeline and support a broad range of 150+ source systems and databases.

Other tools have advanced features like predictive analytics and data quality monitoring. These tools can help reduce the time it takes employees to complete their data tasks. This may improve productivity and efficiency. They also help safeguard sensitive information and ensure compliance to consumer protection laws.

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