Question

Explain and elaborate three (3) benefits of Data Warehouses.

Answer 1

Benefits of data warehouse

1.     Delivers enhanced business intelligence

Through having access to information from various sources from a single platform, decision makers will no longer need to relay on the  limited data or their instinct. Moreover this data warehouses can effortlessly be applied to a business’s processes,  like, market segmentation, sales, risk, inventory, and financial management.

2.     Saves times

A data warehouse standardizes, preserves, and stores data from distinct sources, which aids in  consolidating and integrating of all the data. Since critical data is available to all users, it enables them to make informed decisions regarding the key aspects. In addition, executives can query the data themselves with little to no IT support, saving more time and money.

3.     Enhances data quality and consistency

A data warehouse converts data from multiple sources into a more  consistent format. Since the data from across the organization is standardized, each department will produce results that are consistent. This will ultimately lead to more accurate data, which will become the basis for solid decisions.

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