A recent IDC DataSphere forecast report predicts that the compound annual growth rate of global data creation and replication will reach 23% between 2020 and 2025.
Another study suggests global data creation will grow to over 180 zettabytes during that same period.
Fortunately, organizations can use a data warehouse to collect, organize, and analyze data on demand.
This article will examine the benefits of a data warehouse and offer use cases where such a system could add value to your business.
The role of data warehousing
Data warehousing consolidates large amounts of data from multiple sources and optimizes it to enable analysis for improving business efficiency, making better decisions, and discovering competitive advantages.
Note that a data warehouse is not the same as a database.
While both are relational data systems, a database uses online transaction processing (OLTP) to store current transactions and enables fast access to specific transactions for ongoing business processes.
On the other hand, data warehouses store large quantities of historical data and support fast, complex queries across all data using online analytical processing (OLAP).
