From Data Warehouses To A Shift in Mindset - Everything Your Business Needs To Become Data-Driven

Data has radically changed business, impacting almost every industry and bringing them data-driven insights, automated processes, and clarity within decision making. In fact, it’s been proved that adopting a data-driven mindset can boost productivity, increase profit, and even ensure cost reductions.

But, considering that over half of all data collected by businesses ‘goes dark’, meaning it is lost or left unstructured, it’s clear that organizations aren’t yet doing enough to embrace these data-driven ways.

In this article, we’ll be exploring the central tools and mindsets that your business needs to adapt to become fully data-driven. Let’s get right into it!

What is a data warehouse?

A data warehouse is a central location where a huge range of different data sources can be stored. This hub acts as a site where all the company data can be placed, giving employees a place to go to when they’re seeking data.

Businesses that have to deal with unstructured data will often use a balance of data warehouses and data lakes. Increasingly, managing many different forms of data at the same time is becoming a problem for businesses, with 95% of businesses citing this as a central issue for their operations. With this in mind, it’s no wonder that people around the globe are turning to storage solutions for data their business collects.

Most commonly, data warehouses use cloud services, simply due to the nature of having to compile lots of different data sources in one location. With the number of different sources that a business could use, this quickly can become costly if a company is using local storage.

Cloud data warehouses have become incredibly popular, with many businesses now turning to cloud storage as their go-to data solution.

If your business is actively searching for an effective cloud warehouse solution but doesn’t know where to begin, take a look at this comprehensive Snowflake vs Databricks comparison which will highlight the most important aspects. 

How can data impact your business?

Business has become vital to the day-to-day success of a business, with users from around the company relying on it and it playing a key role in effective scaling. Each year, the poor handling of data costs...

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