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Application of Data Warehousing Across Major Industries
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Application of Data Warehousing Across Major Industries

The concept of data warehousing is not new to the corporate world. Today, every business decision is supported by data evidence to ensure that it benefits the organization.

That said, there have been some innovative movements by players like SAP Consulting who are ensuring more effective data warehousing models that will help business enterprises through strategic planning, gaining competitor edge and ultimately making better decisions.

What are the Best Applications of Data Warehousing Across Major Industries?

Today, data warehousing is a necessity and not a luxury for businesses across sectors. This is because it is the only system that allows the organization to integrate distinct sources that come together and enables planning, evaluation, reporting, business intelligence, and easing robust decision-making.

Let’s take a look at some of the top data warehousing applications and how they have been integrated across various industries.

Banking & Finance: Data warehousing has already made its mark in this sector. The financial sector is heavily reliant on data warehousing to scrutinise customer expenditures allowing them to come up with a more strategic approach to boost profitability.

The banking industry is making use of data warehousing solutions to assess consumer data, regulation, and market trends to enable smarter decision making. Data warehousing is also assisting bankers in effectively and efficiently managing their available resources.

Education: Educational institutes depend on data warehousing to get a 360 degree overview of student and faculty data. The institutions with access to data in real-time can make more informed decisions that will help them function more efficiently along with driving revenue for the organizations.

Healthcare: The healthcare industry is another key segment where data warehousing has been making its presence felt quite strongly. Healthcare establishments are utilising data warehousing models to store their clinical, financial, and employee data. They can assess and evaluate the data in real time and extract valuable insights helping them to optimize their resources to benefit the business in the best way possible.

Manufacturing and Distribution: Businesses in the manufacturing and distribution industry and implementing various data warehousing solutions in order to organize and store their data under a unified umbrella. This also helps them analyse market trends, evaluate patterns, and understand areas of improvement ultimately ensuring result oriented decision making.

Retail: Retail establishments are basically the middleman between the end consumer and the manufacturer. Therefore, the level of records and data related to both ends of business is massive. Data warehousing applications help retailers efficiently store this data in a structured and organized manner under a single roof.

Insurance: Customer records and confidential information can be properly maintained by insurance companies across the globe by deploying effective data warehousing applications. Most importantly, they can access and retrieve the information whenever necessary to draw valuable insights into customer preferences and tailor their offerings to meet their needs and expectations.

Services: Data warehousing applications are being increasingly used in the service sector to store and maintain customer records and their financial information in a secure manner. The solutions are coming in handy to evaluate patterns in the market, predict trends and enhance better decision making that will result in a positive outcome for the business.

Can Data Warehousing Help Your Business?

SAP Partners like MDSsap in the Middle East are helping business enterprises in the MENA region to deploy the SAP Data Warehouse that helps the organization accelerate the pace of their data integration processes, analysis, and reporting.