Data is one of the most valuable assets for any business. It can give you the competitive edge, increase the revenue of a company and increase customer loyalty. It’s only useful when you have control over and use it effectively. This requires a clear strategy and a software tool.

Companies generate a vast amount of data from software-served.com/2021/09/01/best-encryption-software a wide range of sources. To make this data available for analytical decision-making by employees, the company must ingest and organize it into an organized repository. This is where data management software comes in. It provides a framework for collecting, storing and distributing the data required to support the firm’s main business systems and software solutions.

There’s a wide range of choice in terms of software for data management. Certain tools are standalone while others provide a unified platform that can be utilized across all data environments. It is important to choose the right solution that can provide the functionality your business needs, and can be scaled to meet growth demands.

A retailer such as a retailer that would like to automate their ETL/ELT process could use an application like Blendo or SQL Server Integration Services to extract and load the data into the warehouse. Or, the company could use the Hevo Data solution that creates an in-real-time data pipeline that is compatible with 150+ sources systems.

Other tools have advanced features like predictive analytics and monitoring of data quality. These tools can help reduce the time and effort it takes for employees to complete data tasks, which could increase efficiency and productivity. They also help safeguard sensitive information and ensure compliance to consumer protection laws.