Modern businesses are relying on increasing amounts of data to effectively create, market and sell products, improve operations, increase revenue and manage inventory to keep costs in check. This data needs to be easily accessible to everyone on the team and it should be reliable, accurate and safe.
To meet these needs, companies need a comprehensive data solution that incorporates the right tools and technologies to manage every step of the lifecycle of data: gathering, storing, processing and analyzing. A comprehensive, efficient data solution should include an unifying data platform (UDP) along with data governance, business intelligence and a catalog of data.
When it’s time to collect and store information, an organization needs to make sure that it has the capacity to scale up or down to meet demand. It is essential to select the appropriate database to store data and to have the tools to move data into and out of that database. It also involves the elimination of siloed information to reduce overall size of the operational databases.
Data infrastructure is the term used to describe the tools required to gather and store redirected here data. This layer contains software to manage, store and transform data for analysis and report generation. This layer also contains the ability to create visual representations of data to make it more useful to business intelligence and analytics tools. This layer can be broken down further into two parts that are data modeling and data warehouse management.