What Do Modern Data Warehouses Look Like?
Today’s businesses have entirely different structures than what they were before. There was a time when organizations ran on pure intuitions rather than studies that were robustly backed by data. Businessmen were lucky and guided by their understanding of the market. So, even if the scenario was entirely different in realty, they’d go on doing a thing because their conscience said so.
While this worked for some businesses, the results were opposite for some others. A distinct example of this is the number of companies that you see today in the world’s top companies. Only a handful of these companies were excelling back a decade and continue to do so. On the other hand, you will see an entirely new clan of companies rise from this. So, the question is why does this happen after all?
The answer is obviously not that simple, but one of the most important factors behind it is the relevance of data in today’s times. In other words, your business has to stay relevant to the current trends of the market, otherwise there is no way that you can revive it at any costs. And diving into the data is the only thing that can help organizations stay afloat in today’s cut throat scenario.
If people truly want to get out and excel with their strategies, they will have to up their game with data analytics to their rescue. The journey to analytics begins with a data warehouse. Let’s take a look at its various aspects in the next sections.
What is a Data Warehouse?
A data warehouse is a warehouse, but only with the exception that data is stored in it. Unlike a traditional warehouse where sellers, retailers or manufacturers store goods and raw materials, data warehouses store data.
There can be different kinds of data warehouses. For example, on premise, cloud as well as hybrid. On premise data warehouses is where the data warehousing solutions system is stored physically in the campus of the business. It is imperative to understand that just like a normal warehouse requires infrastructure, so does a data warehouse.
For businesses who choose on premise systems, have to invest in the infrastructure as well as keep aside the costs of maintenance. This often puts a heavy burden on their shoulders. While it might seem like a good option considering safety and other measures, it could be a fair choice for heavily invested businesses.
For new entrants and other business options, cloud data warehouses are the best option. If you’re wondering why, that’s because cloud data warehouses can help you with all your storage needs as well as save on your business needs to a great extent. For example, cloud data warehouses can help you get started with your business without needing to invest in a full fledged infrastructure and more.
Modern Day Data Warehouses
There is no set up fee, you do not need to invest in regular maintenance. Neither do you always need to pay for the entire set up even when you’re not using all of it. Cloud data warehousing involves quite a few flexibilities that’d you’d love to have for your business.
In yet another instance, companies love to have a balanced system of cloud as well as on premise data warehouses. In such a case, there is a hybrid functionality established, where both are used according to their needs.
Even though on premise systems have become old fashioned due to heavy maintenance costs, most enterprises have moved towards using cloud data warehouses. Modern day data warehouses are more like mega distribution centres. In other words, they are represented most popularly by a combination of data lakes and data warehouses.
In simpler terms, modern day data warehouses are often called as a unified warehouse for analytics. This means it can take in the data from multiple sources and present it in one single format without any difficulties. It adequately handles multi structured data and presents insights that are more than relevant for the businesses.
And that is because if you generally look at the scenario of organizations, you will find that most have their presence on different platforms. While some organizations have been selling effectively on one platform they expand to others because customers are there. And when you have to design large scale campaigns keeping all these in mind, you must go nowhere else but to cloud data warehouses.
One of the biggest reasons why cloud data warehouses are more suited for today’s needs is because organizations need agile methodologies. They require teams and technologies to deploy the products faster, make changes to existing ones at a rapid pace and understand market trends only to work towards innovation at a faster pace.
However, this is not the case with traditional on premise systems. And that is why we need modern data warehouses. They have separate computing space and storage space, so that you only pay for what you use.
Finally organizations have the capacity only to focus on their goals and not on their data management platforms. With cloud data warehouses, you can deploy several free tools and use the best of technology to take your data management pipeline forward and derive the best of insights from your data.