Data is among the most valuable resources available to businesses. It can help drive an advantage in competitiveness, increase revenue and customer loyalty. It’s only beneficial if you can control and use it effectively. This requires a clearly defined strategy and the use of software tools.
Organizations generate huge amounts of data from a wide variety of sources. To make this information available to employees for decision making, the company needs to ingest the data and arrange it in an organized repository. That’s the reason software for data management comes in. It is a system to collect, store and distributing data needed to support the company’s core business systems and software solutions.
There’s a wide range of choice in the marketplace for software for managing data. Certain solutions are standalone while others offer the possibility of being applied to all data environments. The key is to select a solution that offers the features your business requires and can be scalable to meet the demands of growth.
A retailer for instance, which wants to automate their ETL/ELT process can use tools like Blendo or SQL Server Integration Services to extract and load the data into the warehouse. Or, the company could use an Hevo Data solution that creates a real-time pipeline for data and can support 150+ source systems.
Other tools provide advanced features, such as predictive analytics and data quality monitoring. These tools can help reduce the time and effort it takes employees to complete data-related tasks, which could increase productivity and efficiency. They also assist in safeguarding sensitive information and ensure the compliance of consumer protection laws.
