An enterprise data warehouse solution may be the key to your business. However, building one from scratch is not easy. When thinking about an enterprise data warehouse solution, it’s important to consider what your business needs in order to grow. Your data warehouse is responsible for structuring and storing your data. But you can do more than that with an Enterprise data warehouse. Here, we will look at how you can build an enterprise data warehouse solution in Singapore for a more profound data implementation.
Leverage your data better with an Enterprise Data Warehouse solution with Niveus
The global cloud data warehouse market is expected to reach $17.8 billion by 2028, rising at a market growth rate of 21.5% CAGR during the forecast period. The increased adoption of IoT technologies and the growing usage of cloud data warehouses for processing in different businesses for various purposes are some of the factors that are driving the growth of this market. For a technological hotspot such as Singapore, enterprise data warehouses are a way of the future.
Enterprise data warehouse solution in Singapore
An enterprise data warehouse is not the same as a traditional data warehouse which serves generally as a means to store data. This is different, as an enterprise data warehouse is a way for your company to maximize the value of the data your company works with, while a data warehouse functions largely as a space to store your data. While these two terms may be different, they can work in tandem. An Enterprise Data Warehouse allows for data sets to be shared across an organization, which reduces the amount of manual work and time spent consolidating data. As a result, it becomes easier to create reports and analyze data.
The data warehouse is a very important part of businesses in Singapore. The EDW is an integral part of a company’s information technology infrastructure. It stores all of the information from every department in one place. This data can include information such as customer data, financial data and inventory data among other things. This data warehouse system can also be used to come up with useful information for various departments of the enterprise. This way, everyone can access it and analyze it, instead of everyone having to keep track of their own data.This can help these departments make better decisions about the various aspects of their operations. This data warehouse system can be built in various ways. Businesses in Singapore can build it from scratch or you can choose to use tools to make it easier to build the system.
Choose the right enterprise data warehouse solution
A data warehouse solution is necessary for organizations that need to protect the data that they hold on citizens or customers. If you’re thinking about getting a new data warehouse for your business, you need to think about the future of your business and its key goals. You also need to think about the total cost of ownership over time, because the data warehouse is a long term investment.
When considering data warehousing solutions for your enterprise, there are many factors to consider, including what your current infrastructure is, what the future of your business might look like, and how much you’re willing to spend on the implementation. Here, we compare two alternatives: in-house/on-premise data warehouse versus cloud-based data warehouse. The following list of pros and cons of each solution should give a better idea of which solution is right for your business.
In-house/ on-premise data warehouse:
– Needs high amount of resources and technical expertise to set up
– Provides complete control of data
– High cost of data infrastructure
Cloud-based data warehouse:
– Needs only computers and internet connection to set up
– Provides limited control of data
– Low cost of data infrastructure
Advanced analytics, the process of using algorithms to sort through and make sense of large amounts of data, is one of the most rapidly growing fields in the technology industry. Unsurprisingly, the amount of data being transmitted globally is growing by leaps and bounds with billions of people using the internet. The speed at which data is growing is something to be alarmed about as up until recently, in-house data warehousing has been the most popular solution for storing and processing data. However, recent advancements in cloud storage have made cloud-based data warehousing the most efficient choice for large and small scale businesses looking to process large amounts of data.
Build an enterprise data warehouse solution in Singapore
Data warehousing has been the key instrument for companies to improve the performance of their businesses. It is a complex process, and requires a good amount of time to execute. There are four main phases of data warehouse development: data modeling, data migration, data validation and data availability.
- Data modeling involves creating a logical representation of the data warehouse using the data modeling language, including metadata and common business terms.
- Data migration is the process of moving data from the source systems to the data warehouse.
- Data validation is making sure that the data being moved from the source system is being interpreted correctly, for example by comparing the data dictionary to the metadata model.
- Data availability refers to the ability to run queries and reports from the data.
How to pick the right data warehouse solution service provider?
While choosing to implement the technology for their organization, businesses in Singapore need to pick their data warehousing solutions as per their unique requirements. They can also avail the services of data warehousing solution providers in the region, such as Niveus. Over the past few years, leveraging data warehouse service providers have become an integral part of many companies’ business models. As a company grows, the need for a data warehouse to support it also evolved. A good data warehouse solution should be designed to meet three key requirements: It must be fast, scalable and secure. Service providers specializing in data warehousing, help simplify the entire process.
Many of Niveus’ customers are high-growth companies that come to us for solutions to keep up with their constant growth spurts. Thanks to our secure, highly scalable and available data warehouse solutions built with GCP, businesses of all sizes are improving the quality of their data to drive down costs, increase productivity and gain insights into their business.
GCP – the right data warehouse service provider in Singapore for you
GCP BigQuery is a cloud-based, enterprise-grade service for querying massive datasets. With BigQuery, you can analyze data up to 100x faster than you could on traditional data warehouses. With BigQuery, you can run interactive SQL queries against terabytes or petabytes of data, and quickly get results using the web UI, command-line tool, or API. The platform offers a low cost, massively scalable data warehouse for querying and analyzing terabytes to petabytes of data. It’s a fully managed data warehouse, which means you don’t need to worry about hardware and software. You pay only for what you use, and there are no upfront commitments.
As shown above, Google’s BigQuery is a great fit for customer-facing applications that need to analyze and report on live customer data. BigQuery is a cost-effective, highly performant, enterprise-grade data warehouse that can scale with your business. If you are interested in building an Enterprise Data Warehouse solution in Singapore or want to know more about Google’s BigQuery or GCP’s other data solutions, get in touch with us.