13 Jan How Data Marts Improve Business Performance
The amount of corporate data is expanding and appears to be at an all-time high. Every organization today is rapidly evolving into a data organization. In an era where data is becoming the backbone of an organization (i.e., companies use data to identify the overall health of an organization) and the decision-maker (i.e., companies use data to make judgments and predictive analytics), businesses must find out how to best organize their data.
Why Do We Use Data Marts?
Organizations end up with an unmanageable and unused amount of data that is generated, collected, cleansed and stored in a variety of data storage options, including data lakes, warehouses and software systems. And let’s not forget paper stored on employee desktops. However, the majority of functional departments and the intended users of this data are only concerned with a small portion of the total amount of data available. It is becoming increasingly difficult for the many functional departments to maintain data accessibility, usefulness, and dependability on a continuous basis.
Data marts are useful in situations like these. When it comes to enterprise data, data marts are subsets of information, usually derived from data warehouses, that are often specifically built and curated for a certain user, function, or team.
How Does Sirius Solutions Support Client Success with Data Marts?
Sirius Solutions specializes in increasing an organization’s financial performance, our area of expertise. Many of our clients are searching for revenue or cost data that is specific to a particular product, client, business situation, vendor, geographic area, or colleague, for example.
Our data marts are often built from the ground up using a functional output model. We provide answers to the following questions:
What business value will the data mart provide?
What is the user of the data trying to achieve?
And…
How can we design a data model that is scalable and flexible?
Our data marts, as an alternative to conducting queries on huge data systems, intrinsically give the following advantages:
1 – RAPID ACCESS: Data is made available on-demand to authorized users of the data when they request it.
2 – COST-EFFECTIVE: Data mart architecture is not prohibitively expensive to maintain or update.
3 – FUNCTIONAL SPECS & USER EXPERIENCE: The design of data marts is done in collaboration with the end-users of the data so that business objectives are matched with the data.
4 – INTEGRATED: Data is integrated with the software systems and platforms that will be accessing it.
5 – TRUSTWORTHY: Data users have a high level of confidence in the accuracy of the data.
How Are Data Marts Improving Business Performance?
Data Marts, by definition, will reduce administrative overhead and increase the efficiency of teams and users of function-specific data. Due to the continued growth in size and scale of corporate data warehouses, users of data will be required to adopt appropriate data marts in order to access function-specific data.
Rakhee Das, Chief Strategy Officer – Sirius Solutions
Contact Sirius Solutions at Solutions@Sirsol.com or complete the form below to learn more about our client successes with Data Marts and how to get started on the right path with your own Data Mart.