Why should companies leverage real-time data warehousing
In today’s world, companies look for high-quality data that is easily accessible. Real-time data warehousing helps businesses collect and analyze data from several sources in real-time, assisting organizations in making choices more quickly and effectively.
The distinction between traditional and real-time warehouses
A traditional data warehouse collects data connected to make strategic decisions throughout a corporation. It combines various independent data sources to create a unified perspective of the organization at a particular time. On the other hand, real-time data warehousing refreshes data stored in a warehouse many times per day, so the information in this storage is more up-to-date and accurate than data kept in a standard warehouse, which updates data just once a week. When data is queried and evaluated, this enables a greater understanding of the current situation. A real-time warehouse solution is a terrific way to deal with the current corporate climate.
Real-time data warehousing and business
Businesses must be able to extract value from data rapidly to create exceptional digital experiences. According to a Wakefield study, only 13% of companies can get value from newly obtained data within minutes or hours. Only 13% of firms, according to a Wakefield study, can benefit from new data obtained within minutes or hours. Here, real-time data warehousing may be helpful too. This strategy enables data to be continuously updated and immediately accessible, unlike traditional data warehousing, which is performed in regular interval batches. The advantages include the following:
- Increase data democratization
Data democratization gives everyone access to data, and no one can control who has access to it. Real-time data warehousing is a method of making data more accessible to everyone in an organization so that they can utilize it to carry out their jobs and make more efficient decisions.
Businesses can make more accurate and fast decisions by combining data from several sources. Real-time reporting from the data warehouse, which contains data from all of the company’s systems, is leveraged for better results.
Minor updates from the data source reduce the time it takes to update the entire data source, which is especially important for organizations that work around the clock. This strategy is only practicable with real-time data warehousing, allowing faster data recovery.
Poor data quality costs the US economy $3.1 trillion each year, according to FindStack. Real-time data warehousing allows you to instantaneously access data sources, which helps in improving data quality and availability, resulting in increased organizational efficiency.
- Increase business agility
Real-time data warehousing can assist businesses in adapting to changes more quickly, reducing the time gap in business operations. According to Science Soft, when data is automatically backed up, 99.99% of it is always available and fault robust, helping businesses become more agile and take advantage of opportunities faster, allowing them to meet sales and profit targets.
- Customized consumer experiences
According to Gartner, to improve customer experience, businesses should focus on gathering and analyzing customer feedback. By incorporating automation and machine learning, real-time data warehousing helps increase the accuracy and effectiveness of user feedback, which will ultimately help improve the consumer experience.
The Sappers data movement platform offers real-time data warehousing. Companies that use real-time data warehousing can remain ahead of the curve and optimize their data for optimal efficacy. However, to reap the benefits, businesses must first have access to the pertinent data and then utilize the right data replication solution to ensure it is constantly up to date.
Data replication keeps your data up to date and synced across your source and target systems, allowing you to get the most out of it in your data warehouse. Our platform enables log-based change data capture (CDC), which can detect changes to data in a database and send those changes to target systems in near real time. Sapper delivers data in minutes and ensures an efficient business process.
To learn more, schedule your free demo now!