Data warehouse or data warehousing is a “federated” repository for various data that a system has. A data warehouse is where large sums of data are saved and stored to be used for reference and analysis. This is very important because it can store a ton of records and various information in a massive virtual place. Not all company has this but maybe you should consider getting one.
Your company is big, your company has large sums of data that you gather and you need a centralized virtual storage facility in which your data can be saved and easily be accessed. One of the big reasons why many companies are not opting for this is cost and security. The cost for a data warehouse can be hefty depending on the sums of data that you plan to store in it and there has always been the concern of security for the data.
Data migration: If you are a company that has been operating for a hundred years or a little more or a little less than that, chances are you have a ton of paperwork that can compete with the Vatican’s vault. If you plan to digitize your system and migrate all of those then a simple data dump or cloud service platform won’t do. With a data that massive you need a data warehouse to house those data and be consolidated and integrated to your systems later on.
The price: The fact is data warehousing is not for everybody and this is because not all people will require a massive virtual data storage facility. For most people, a big facility like a data warehouse isn’t feasible and wise. But if you’re a company that requires massive storage this is the perfect one for you. It might seem costly but it’s really not. It’s way cheaper than buying the hardware, the software and hiring people to manage your large sums of data. Why do that when you have a 3rd party service provider that can do that for you right?
The security: One of the primary concerns of people trusting 3rd party service providers about their data is security. With a ton of potential risks that are out there, some companies are afraid that their data will be compromised leaving their customers at risks and their company in a bad light. Yes, there is in fact risks, but that risk isn’t just exclusive to data warehouse providers, those risks can also target you directly. But if a data warehouse company will be compromised, that will be a slap on their faces and above all people, they are the ones that are more concern and more equipped to handle such risks.
A data warehouse isn’t for everybody, its ideal for companies that has large sums of data that they need to manage and access for various reasons. If you’re one of them then you need to consider data warehouses. This is because they provide you with a good amount of storage that is safe. Their price is fairly reasonable compared to you investing in your own hardware, software, and people.