Implementing a data warehouse can seem like a daunting task, particularly when running a scaling business. Often, businesses will leave this step out in the early days, only considering data for analytics and BI later down the line.
It’s understandable. When you set up a business, the number of systems to implement can be overwhelming…
Scaling a business = implementing systems
When you first set up a business there are multiple tools and systems to implement in order to operate.
Need to accept and make payments? You’ll need a finance system. Want a website? You better choose a content management system. Want to keep all of your customer data in one place? Start looking for a CRM tool. Need to manage the life cycle of your product? You’ll need to set up an ERP!
The list goes on. As you grow, you adopt more tools. With so many systems, comes a lot of data. However, data is specific to each system, resulting in silos. Accessing this data and reporting from complex systems can be difficult and time consuming.
What’s more, to work out key business metrics, you need to combine the data that lives in the various systems. Perhaps you want to access all of your customer data. In order to do so, you’ll need to extract data that lives in the CRM and finance system. Manually reconciling data to work out key metrics is a laborious process.
So many systems, one solution. Enter the data warehouse
Business critical software can’t operate in silos. A data warehouse enables you to bring all of your data together in one place, creating your single source of truth. With all of your data easily accessible and usable, analysis and reporting becomes easy.
Benefits of establishing a data warehouse concurrently with business systems
- By bringing all of your data together, you’ll be able to identify what data fields need to exist in all of your systems, rather than implementing systems independent of one other and subsequently realising that there are holes in the data. Bringing your data into one place allows you to see what you need from the source systems – resulting in more valuable source systems and data warehouse.
- By establishing a data warehouse at the same time as other business systems, you’ll instantly see the value from your array of tools, which can be utilised to drive the business forward.
- A data warehouse allows you to quickly report from structured data in the optimum form for analytics and reporting, making reporting and performance tracking easy. What’s more, with centralised reporting, you’ll save time.
- A data warehouse enables historical reporting and trend analysis. By setting up your data warehouse at the same time as your other systems, you’ll ensure you have complete coverage of historical data without any gaps.
Building a data warehouse the easy way
A modern data analytics stack is vital for businesses, no matter your size. At kleene, we want to help scale ups build a single source of truth with our all-in-one ELT tool. We’ll even build your warehouse for you, with our professional services offering.
Want to find out more? Get in touch.