Data Warehouse Consulting for Retailers Why It is Essential |
Posted: July 14, 2018 |
Don’t you think every holiday season is another huge payday for retailers around the globe? Whether it is a small shop around the corner of your block or a big retailer on 5th Avenue or Madison Square, they experience increased sales, depending on the lucrativeness of their offers. According to Adobe, in 2017, the online revenue for the holiday shopping season from November 1st to November 27th (including Black Friday and Thanksgiving Day) was $50 billion, a 16.8 percent increase from the previous year. With so much going on today in the world of business and technology, retailers are generating heaps of data. However, not using that data properly often leads to ill planning and disappointment in some areas of retail. A focus on data warehouse consulting can help retailers plan appropriately and gain actionable insights into the behavior of customers. How Exactly Does Data Warehouse Consulting Help Retailers?
What is the use of an audited financial report if it just sits in the file cabinet, never to be looked at? Similarly, the huge amount of data gathered from everyday retail activities, stored in massive data banks is of no use if it remains in detached archives. The sudden interest towards data warehousing arrives from the need for quick decision-making in real time on a busy day, in order to perform everyday business and management activities effectively. Business intelligence is a term that includes all the applications, tools, and infrastructure that assist with the analysis of information and optimization of decisions, as well as performance. With a data warehouse and the right business intelligence tools, a business can drive their performance upwards and stay competitive in the market. Data warehouses act as central repositories to collect and integrate data from several sources - and with the massive influx of mobile devices and entrepreneurial projects, the data collected in huge amounts needs to be processed without delay. With business intelligence tools like Informatica that excel in data and cloud storage, a scrambling business often finds a flawless approach to understanding their customers and their shopping patterns at every point of interaction.
Data warehouse consulting from ExistBI can guide you through this data mining and integration process to visualize and develop a data infrastructure that streamlines data processing and analytics, helping retail administrators and business users dig for customer-specific experiences and preferences, and respond appropriately. This involves catering to their shopping behavior, aligning with their shopping needs and creating a unique and welcoming experience. ExistBI’s Informatica classes can help you experience business intelligence up close, allowing you to understand the importance of data warehousing in today’s data-driven world. Informatica Classes – Preparing You for the Future
With Informatica to assist you with business intelligence analytics and reporting, you can effectively use your data to generate action-oriented results. ExistBI offers Informatica classes from certified Informatica professionals in a licensed environment. The classes will cover the following aspects of data warehousing, in addition to other key modules:
ExistBI With Informatica classes, ExistBI aims to empower businesses with the power of data analytics. Go through our YouTube channel, “ExistBI - Uniting Business and Technology,” to learn more about our services related to Informatica and data warehouse consulting. Here is the link: https://www.youtube.com/watch?v=utdxC40Q0O4. For more information, visit www.existbi.com or give us a call.
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