What is a Data Warehouse?

A data warehouse is a system that can pull a lot of data from many different sources within an organization and present it in a different, usually user-friendly way. It is often used for analyzing and reporting.

Its main purpose is to make important business decisions easier and faster to take.

How Data Warehouse works?

Data Warehouse collects complex queries, data, factors or numbers from different sources (CRM, ERP, Banking, User Database etc.) and converts them into, for example easily, readable reports and user-friendly dashboards (Business Intelligence). Because it is done fully automatically the whole process is incomparably faster and more efficient than manual collecting and analyzing an enormous amount of information. Summing up - depending on the input Data Warehouse in result will give appropriate, required output.

Data Warehouse diagram - how it works

Where Data Warehouse can be used?

Below you can find the most common sectors where Data Warehouse can be used and benefits:

  • Commerce/E-commerce: collecting data about the customers, analyzing customer trends and behavior, preparing dedicated offer to specific type of customer;
  • Airlines: analyzing the profitability of routes, crew assignment, managing customer relationship;
  • Banking: effectively managing the available resources, market research, performance analysis of the products and operations;
  • Healthcare: strategizing and predicting outcomes, generating patient’s treatment reports, sharing data with insurance companies, medical aid services;
  • Investment and Insurance sector: analyzing data patterns, customer trends, tracking market movements, tracking stock exchange;
  • Retain chain: distribution and marketing, tracking delivery, analyzing customer buying pattern, promotions, determining pricing policy.

Remember that these are only examples of the sectors. Data Warehouse can be implemented in any business you could think of. If your company represents the other, not mentioned above, we can figure out together, how Data Warehouse can benefit your company.

How Data Warehouse can benefit your company?

Data Warehouse impacts directly all processes that include collecting and analyzing data, decreasing time of data preparation and boosting performance. Because of that DW can help you to make more accurate and faster decisions, which is essential in contemporary businesses. At the end of the chain Data Warehouse will surely benefit the company’s finances.

Examples of Data Warehouses

Financial Dashboard

Imagine you’re a Chief Financial Officer (CFO) at one of the biggest chemical companies in Poland (Europe top 5). Your responsibility, among others, is to manage company financial risk, keep an eye on cash flow forecasts and present financial status of the organisation to other board members and CEO.

These tasks require collecting, transforming and processing vast amounts of information from sources like SAP ERP system, multiple bank accounts, custom financial Excel reports and others. What is crucial - it’s essential to have all this information up to date at any time.

Financial Dashboard

We’ve faced this challenge during implementation of a Data Warehouse enriched with stack of analytical applications fulfilling those needs. Beyond standard Data Warehouse ETL processes implementation and custom management dashboards, we have delivered more sophisticated applications like real time currency risk alerting and forecasting (by calculating currency gaps & value at risk).

Core business value delivered with FDB:

  • always up to date financial liquidity forecasts
  • visually appealing financial KPIs presentation
  • integration of all information essential for decision makers
  • automation of reporting processes and saving time of core employees

Though the costs of implementing Data Warehouse of such scale are high, they are usually well justified by the insights the tools can generate, time saving and increased performance of the whole financial department. That’s why many CFOs consider digitalization of financial forecasting and ask us for help during this process.

SportClub Group

At first glance this system, which supports the work of call center operators, does not look like a Data Warehouse project. It looks just like some useful tool with familiar and intuitive UI/UX, intended for employees of the company.

But in order to deliver the value it needs to be integrated, in real-time with 7 different e-commerce shops (based on IAI platform). This is where Data Warehouse comes in - such integration requires processing large amounts of data and lots of queries in a tremendous speed. As a result, the system provides the employees with essential data about customers who are contacting the call-center.

SportClub Data Warehouse

Before the implementation of Data Warehouse in SportClub Group, identification of the customer and his/her order was taking a few minutes before the call-center operator could even start to solve the problem or answer any questions.

After the implementation of DW, the whole process is sped up significantly which transfers directly into higher efficiency of SportClub customer service.

SportClub DW contains:

  • Data integration from many sources with thousands of queries
  • Real-time customer recognition (by a phone number)
  • Customer profile - last orders, payments etc.
  • Customer buying patterns - what products does he/she usually buy
  • Customer rating system - whether he/she is polite or not for the operators :)

CashFlow (https://getcashflow.app)

Neverending tracking, counting and wondering about your company’s cash flow sounds similar to you? Leave all the worries and be aware of the financial future with CashFlow web application. It is a tool that connects to various external and internal data sources of information (accounting, project management, banking software etc.) and calculates in real time your company financial forecasts (present and future). It also allows to simulate different financial scenarios (which you can later compare).

CashFlow App

Behind the application stays of course big Data Warehouse which contains all the important information from several sources. DW processes it and calculates the cash flow based on the input data and other factors that user can setup manually.

Below you can find core business value that CashFlow brings:

  • Awareness of the present and future company’s cash flow
  • Automatic data integration from numerous sources
  • Calculation in real-time
  • Automatic taxes (e.g. CIT, VAT) computation
  • Ability of financial forecasting
  • Possibility to create manual scenarios

Summary

I hope that after reading this blogpost you find Data Warehouses very useful and trustworthy tool which can help driving your business.

If you’re interested in the topic of Data Warehouse we’re open to talk about it. Click here to contact us!