What function does a Modern Data Warehouse serve?
Thinklayer
by thinklayer Author
1y ago
Big Data and advanced analytics present a significant challenge. The most advanced Modern Data Warehouses are evolving to meet the needs of the Modern Data Enterprise. Hence, the volume increase is expected to continue. On the other hand, business velocity is influencing business operations and customer interactions. Data has become more diverse and accessible than ever before. Big Data has a significant impact on business. And a data warehouse is an immediate need to tackle this data. Also, a data warehouse will be a great help in other aspects. Hence, this article will help you understand th ..read more
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Scope of Business Intelligence in Trading
Thinklayer
by thinklayer Author
1y ago
In developed countries, business intelligence in trading is exploding. Data-driven decision-making, which includes data generation, accumulation, analysis, and visualization, is business intelligence. It will help enhance the drive of the business; assist in moving forward to accomplish its goals.  It is done in a bid to help managers make better business decisions. Analysts assume business intelligence as a technology with a human touch. It also entails processes and procedures that improve our ability to collect, share, and analyze data and make informed decisions. Factors such as incre ..read more
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Why it is important to have a Cloud-Based Data Warehouse?
Thinklayer
by thinklayer Author
2y ago
Cloud Data warehouses are critical for business growth today. The aggregate data from multiple sources can be analyzed and acted upon. Their ability to quickly process massive data allows leaders to implement data-based decisions confidently.  However, nearly two-thirds of professionals recently polled describe their data warehouse solution management as ‘difficult’ or ‘very difficult.’ Businesses consider cloud-based data warehouses the most efficient solution as the data complexity and volume continue to evolve. A cloud-based data warehouse can help to reduce complexity while maintainin ..read more
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What is a Business Dashboard & How it is useful for your Business?
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by thinklayer Author
2y ago
Customizable, highly configurable Business Dashboard enables you and your teams to share information, and track progress and trends. It also improves workflow processes. Therefore, each team has to customize its dashboards to share information and track progress. What Is Dashboarding? Dashboarding is a method of visualizing all of your data. While we can use it in a variety of ways, its primary purpose is to provide information at a glance. Dashboarding offers a significant opportunity to improve your company’s efficiency. It also reduces response time to issues and opportunities. Business Das ..read more
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What is Data Warehousing? Characteristics, Types & Benefits
Thinklayer
by thinklayer Author
2y ago
Data warehouses, as one might expect, can be quite large and expensive to build and maintain. A well-thought-out data warehousing strategy assists businesses in maximizing their return on investment (ROI) by improving accessibility, transparency, and functionality. What is a Data Warehouse & What is Data Warehousing? A data warehouse is a centralized repository of information that can be analyzed to help make better decisions. Data flows into a data warehouse regularly from transactional systems, relational databases, and other sources. Reports, dashboards, and analytics tools are used by ..read more
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Business Intelligence strategies for entrepreneurs in 2022
Thinklayer
by thinklayer Author
2y ago
Every organization has goals and strategies for achieving them. To decide which actions to take and which approach to take for gathering the necessary data. We can’t deny that the insights it provides are effective tools for organizations on the path to success. As a result, many businesses began to implement a Business Intelligence strategy. Through effective decision-making and data analysis, they see it as an opportunity to increase profitability, optimize internal processes, discover new revenues, identify market trends, and detect business problems. Preparation is required before embarkin ..read more
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Top 10 Must Follow Data Trends in 2022
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by thinklayer Author
2y ago
Time passes, technology advances and our lives improve. So, what’s fueling all this growth? The obvious answer is the latest data trends emerging nowadays. The market for data analytics is exploding. According to IDC researchers, businesses are expected to spend $215 billion on big data and business analytics solutions in 2021, a 10% increase over 2020. The demand for data analytics specialists is also skyrocketing, with the US Bureau of Labor Statistics projecting a 31% increase in data science jobs by 2030. This year, almost every company is expected to value information as a “key corporat ..read more
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What is Data Analytics? Importance, Advantages & Applications
Thinklayer
by thinklayer Author
2y ago
Data Analytics can assist businesses in better understanding their customers, improving their advertising campaigns, personalizing their content, and increasing their bottom lines.  The benefits of data are numerous, but you can’t take advantage of them unless you have the right analytics tools and processes in place. Let’s uncover the world of Data and Analytics altogether.  What Is Data Analytics? It is the process of examining data sets to discover trends and draw conclusions about the information contained within them. It is increasingly being performed with the assistance of spe ..read more
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What is a Data Warehouse? Characteristics, Types, Benefits: Overview
Thinklayer
by thinklayer Author
2y ago
Data warehouses, as one might expect, can be quite large and expensive to build and maintain. A well-thought-out data warehousing strategy assists businesses in maximizing their return on investment (ROI) by improving accessibility, transparency, and functionality. What is a Data Warehouse & What is Data Warehousing? A data warehouse is a centralized repository of information that can be analyzed to help make better decisions. Data flows into a data warehouse regularly from transactional systems, relational databases, and other sources. Reports, dashboards, and analytics tools are used by ..read more
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Major Differences Between Data Analytics and Data Visualization
Thinklayer
by thinklayer Author
2y ago
In the larger data community, the phrases data analytics and data visualization appear to have become interchangeable. Many job postings emphasize data visualization abilities while omitting to include the need for analytical skills. Overview of Data Visualization For thousands of years, data visualizations have existed in various forms, ranging from hand-drawn graphs to computer-created pie charts, bar graphs, and cartograms. The current focus on them stems from their ties to big data and business intelligence. The two most critical problems for corporate businesses are business intelligence ..read more
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