Data is among the most valuable resources available to businesses. It can be used to gain a competitive advantage, boost revenues, and increase customer loyalty. But it’s only useful when you are able to manage and use it effectively. This requires a clear strategy and a software tool.
Companies generate a vast amount of data from a wide range of sources. To make this information available to employees for analytical decision-making, the business must ingest the data and arrange it in a central repository. This is where data management software is needed. It offers a framework to collect, store and distribute the information that is used to support the core software of the company as well as business systems.
There is a lot of choice in the marketplace in relation to software for data management. Some applications are standalone and others offer the possibility of being applied to any data environment. It is crucial to select one that is able to provide the features that your business requires and that is scalable up to meet future demands for growth.
A retailer retrieve deleted data using recovery software for instance, which would like to automate their ETL/ELT processes could employ tools like Blendo or SQL Server Integration Services to extract and load the data into the warehouse. Or, the company could utilize the Hevo Data software that creates an in-real-time data pipeline that supports more than 150 source systems.
Other tools offer advanced features such as predictive analytics, data quality monitoring and visualization. These tools can cut down the time required by employees to complete data-related tasks. This may improve productivity and efficiency. They also protect sensitive information and ensure compliance with consumer protection laws.
