Data Mart Consolidation and Business Intelligence Standardization: Getting the Most Value Out of Information
It is broadly agreed that in today's date, information is the most valuable asset for an organization. It is becoming increasingly imperative to make relevant information available to all users within the business and to customers, stakeholders and business partners outside. By making information accessible to all relevant users, businesses can obtain an advantage over their competitors. Use of Business Intelligence (BI) tools to consolidate date marts from across all functions is the first step in this process. A paper by market leaders in the field, CPM Technologies, Business Objects and Teradata describes how data mart collation and BI consolidation can benefit organizations. Both medium sized and big organizations deal with large amount of data spread across different wings of the business. Data Mart Consolidation talks about systematic information management by creating Enterprise Data Warehouse (EDW). An EDW integrates information and data points received from all departments of business and provides a single window view for the users. EDW also reduces costs of maintaining multiple data marts significantly. It also helps organizations to address regulatory compliance and information security issues in a more centralized manner. The Business Impact Models (BIM) developed by Teradata is specifically designed to address data mart consolidation. An EDW also helps businesses to standardize the BI systems to maximize the outputs of the BI system.