Beginning Big Data With Power BI and Excel 2013 With Full Book Download in PDF By Neil Dunlop
At the beginning of this decade, big data analytics has been the talk of the town. Businesses have been struggling to understand, store, analyze, and facilitate massive amounts of data for businesses. This information is used to form a framework that allows businesses to make better informed decisions. Organizations are leveraging all available technologies to collect, manage, and analyze the huge quantities of data. As more organizations build their own datacenter networks and storage arrays, the data volume continues to grow, pushing the business to create new insights from this ever-growing repository of real-time data.
Organizations are starting to take advantage of the benefits offered by using big data analytics to improve the business. For instance, some companies have discovered that running their data center network in a data warehouse helps them reduce capital expenses, improve productivity, and save energy. This method of managing IT costs allows smaller business to leverage on the power of enterprise resource planning (ERP) and other software applications. With the introduction of small business cloud services, these organizations have the ability to run applications without needing a dedicated server or network, which lowers overall IT costs.
Organizations are also taking advantage of big data analytics to gain an edge over their competitors. In addition to gaining an edge in market share, a well-managed data warehouse allows a company to gain an edge in customer relations, as well. A data warehouse is a virtual platform where multiple applications can run, allowing companies to obtain real-time insight from their data. When a small business combines the advantages of ERP and small business cloud services, they can enjoy a significant cost-and-benefits advantage. The introduction of applications such as the Microsoft Dynamics GP, NAV, and Solomon offers a flexible approach to data management.
Data Analysis With Microsoft Excel
A data warehouse provides the functionality necessary for organizations to consolidate, analyze, and act on data quickly and efficiently. The benefits of a data warehouse include reduced expenses and maintenance, higher operational efficiency, and quick access to relevant data. A data warehouse is designed around a central database that enables users to easily manipulate and manage large quantities of data from any location.
A data warehouse can greatly reduce data entry costs because it eliminates duplication of data entry work. Organizations that rely on costly data entry processes can save thousands of dollars per year by implementing a data warehouse. Small organizations can greatly benefit from a data warehouse because it gives them the ability to rapidly access information and alter it as needed, when needed. The flexibility and control provided by a data warehouse greatly reduce the risk of human error and data corruption, both of which can result in significant expenditures and take a company a long time to recover from. ERP and small business cloud services offer the benefits of a data warehouse installation at a reasonable cost.
A data warehouse allows users to visualize and analyze large amounts of data in much less time than is possible with traditional methods of managing and storing such information. A data warehouse also enables users to make insightful statistical and hypothesis-driven decisions about the use of resources. A data warehouse provides the ability for users to derive information and to test theories quickly and frequently. This provides the means for organizations to quickly move from theory to practice testing of new ideas and products. Organizational leaders that understand how to effectively use big data are able to apply their knowledge to changing situations within an organization. Big data visualization tools and dashboards that bring real-time data to present to management to give managers and other employees immediate insights into data, enabling them to make informed decisions for the organization.
With a data warehouse, an organization has the ability to utilize more storage and processing power than it would otherwise need. This enables organizations to run more analytics programs, provide more flexible reporting capabilities, and gain a competitive advantage over its competitors. Big data visualization tools can be used to present data in a useful, easy to understand form to any user at any stage of the process. This greatly reduces the need for a data engineer to individually inspect and interpret each piece of data.
Organizations that begin to utilize beginning big data visualization tools and dashboards will reap the rewards in more ways than one. It will help to reduce cost, shorten cycle times, improve collaboration between team members, and improve overall organizational effectiveness. A data warehouse allows users to run analytics programs quickly and repeatedly, and it presents and allows for easy aggregation of different types of data. It is therefore imperative that organizations that intend to benefit from big data begin to implement a data warehouse in their organization today.
