By Mike Sargo
Chief Data and Analytics Officer and Co-Founder of Data Ideology
With the enormous revenue potential tied to digitization, data management is becoming even more critical, reaching an all-time high in demand for enterprise data management initiatives.
It is no longer a question of data integration, but how data can be most effectively leveraged to gain a competitive advantage. Centralized data supports automated tasks, data reusability, data sharing, and a more productive workflow without disruption.
Here are the top 5 benefits of centralized data:
Centralized data means that the team spends less time cleaning up or preparing the data and more time focusing on its essential growth and success. Check out these top ways a centralized data platform contributes to increased focus:
Centralized data streamlines the training requirements.
Employees learn one enterprise data model.
It supports collaboration and understanding of roles and responsibilities across the organization.
With centralized data, a company will foster the collaborative feel that all team members are working together. Such a mindset supports team-building and morale-boosting while allowing the organization to achieve goals more effectively.
With centralized data, teams are able to be on the same page for consistency and quality control, delivering a better customer experience and positive business outcomes. Consistency provides business value in the following ways:
Teams are better equipped to meet and exceed the customer's high expectations.
Centralized data supports greater transparency across any organization.
Reporting and analytics are more consistent and easier to understand.
Centralized data supports a better user experience while reducing the frustration of those internal and external users; they are able to present a united, cohesive front without inconsistencies.
Centralized data enables the team to focus on continual improvement while prioritizing those assets that impact its growth and success. A centralized data platform facilitates better optimization because it:
Supports continued improvements in decision-making processes.
Bolsters better tracking and optimization of business processes.
Minimizes an organization's risk while preventing the negative impacts of inaccuracies and redundancies.
Centralized data is a necessary competitive advantage for any organization; it supports an organization's need for clean, reliable information that is current and accurate.
With a multi-siloed approach to data management, it's challenging to track and secure data interactions. Here is how a centralized data platform supports security requirements:
Organizations can easily monitor and control data access.
Centralized data allows for the development of data access protocols and procedures.
The organization can better mitigate the risk of mishandling of secure data.
Centralized data enables an organization to regulate and control data access and interaction at all levels.
Time & Money Savings
Centralized data is more efficient and cost-effective with fewer resource requirements and more streamlined processes. Consider the time and cost-saving benefits:
Data manipulation and reporting are faster, which supports expedited data visualization options.
Teams are better able to strategize, plan, and move forward with strategic initiatives.
With more efficient processes, time-crunch challenges are largely eliminated. It frees the team up to step back from tactical tasks and shift their efforts to strategic initiatives.
How Does Snowflake Support Centralized Data?
The Snowflake Data Platform streamlines the processes that you might expect to see in traditional data warehouse scenarios. Snowflake supports the seamless integration of current toolsets while supporting a centralized data platform for all your organization's data. At Data Ideology, we will work with you to determine the solutions that will best help your company's cloud-based data needs. Contact us today.
Written by Mike Sargo
Mike Sargo is Chief Data and Analytics Officer and Co-Founder of Data Ideology with over 18 years of experience leading, architecting, implementing, and delivering enterprise analytics, business intelligence, and enterprise data management solutions.
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