Data is among the most valuable assets for businesses. It can help boost the competitive edge, increase revenue and customer loyalty. It’s only useful if you control and use it effectively. This requires a clearly defined strategy and a software tool.

Organizations generate massive amounts of data. To make this data available to employees for analytical decision making, the company must gather the data and store it in a central repository. This is where the data management software is required. It provides a platform to collect, store and distributing information that is used to support the company’s core business systems and software solutions.

There’s a wide range of choice when it comes to software to manage data. Some tools are standalone while others offer a unified platform that can be utilized across all data environments. It is essential to choose an option that has the features you require for your business and can be scaled to accommodate future needs for growth.

For instance, a large retail company that is looking to automatize its ETL/ELT process could use a tool like Blendo or SQL Server Integration Services (SSIS) to extract and load data into an data warehouse. Additionally, it could utilize an application like Hevo Data that creates a data pipeline in real time and support a variety of source systems and databases.

Other tools provide advanced features, such as predictive analytics and monitoring of data quality. These tools can cut down the amount of time required for employees to complete data tasks. This could increase productivity and efficiency. They also protect sensitive information and ensure compliance with consumer protection laws.

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