Data Warehousing

Search Dictionary

Definition of 'Data Warehousing'

Data warehousing is a process of collecting, storing, and analyzing data from various sources to create a single, comprehensive view of an organization's operations. Data warehouses are used to support decision-making and can help organizations improve their efficiency, productivity, and profitability.

There are three main components of a data warehouse:

* The data source: This is the source of the data that is being collected and stored in the data warehouse. Data sources can include databases, files, and other applications.
* The data warehouse: This is the central repository where the data is stored. Data warehouses are typically organized in a way that makes it easy to access and analyze the data.
* The data mart: A data mart is a smaller, more focused version of a data warehouse. Data marts are typically used to support specific business functions or departments.

Data warehousing can provide a number of benefits for organizations, including:

* Improved decision-making: Data warehouses provide a single, comprehensive view of an organization's data, which can help decision-makers make better decisions.
* Increased efficiency: Data warehouses can help organizations to improve their efficiency by automating processes and identifying areas where costs can be reduced.
* Enhanced productivity: Data warehouses can help organizations to improve their productivity by providing insights into how to improve operations.
* Increased profitability: Data warehouses can help organizations to increase their profitability by identifying new opportunities for growth and by reducing costs.

Data warehousing is a complex and expensive process, but it can provide significant benefits for organizations that are able to implement it successfully. If you are considering implementing a data warehouse, it is important to work with a qualified data warehousing partner to ensure that the project is successful.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.