Can you and your co-workers benefit from having important company reports automatically emailed to you each day, week, or month? Does your organization have important information that is separated into different applications and systems that can be hard to get to? Is having different departments and teams that each have their own copy of the same information, causing problems for your organization? Perhaps your organization should consider a data hub solution.
As businesses and organizations develop, grow, and age, the amount of business data can expand rapidly. So too does its need for data management and data provisioning. As employees and managers come and go, the results of their decisions to acquire technical infrastructure often remain within the organization. As a result, many companies have accumulated a variety of both legacy and contemporary systems that hold valuable company information. And, as company data accumulates and becomes more siloed over time, it becomes increasingly more challenging for the organization to quickly provide access and utilization of these separate data sources to the stakeholders who need it.
A data hub can be a possible solution for this dilemma. A data hub is a designed centralized platform that collects, stores, manages, and distributes data from various sources within an organization which are often separated from each other with the inability to adequately communicate with each other. It is a hybrid of a data lake and a database warehouse. This centralized approach can provide a valuable distillation of a company’s data, ensuring consistency, reliability, and accessibility across the organization.
Some of the benefits of a data hub include the following:
Single point of access: A data hub provides a single point of access for all of an organization’s data, making it easier for teams to access, share, and analyze the information they need.
Real-time view: A data hub can provide a real-time view of the business that can be kept up-to-date in real-time.
Management point: A data hub functions as a management point, enabling you to see how data flows across your enterprise.
Centralized data management: A data hub can store, manage, and analyze data from different sources in one place, which can make data management and analysis easier.
Efficient data access: Allowing a wide range of users to access data can lead to better customer experiences, improved decision-making, and increased collaboration.
Enhanced customer insights: Enabling better data analysis means data science can help companies gain insights into their customers, which can help them develop more personalized products and services.
Audience activation: A data hub can help companies build a holistic view of consumers, which can help them deliver more relevant and personalized experiences.
Taking advantage of the benefits of data hub infrastructure involves assessing and identifying the components of your organization’s current data systems; business process analysis which helps to identify the business problems the data hub will solve and what will bring immediate value; identifying the stakeholders who are most affected by the current problems; and identifying the data that the stakeholders need to be connected to. Of course, there are many other determinates involved that are dependent on each organization’s circumstances. One way to ensure the realization of these benefits is to partner with a professional database service firm to perform an assessment of your company’s data systems and discuss the potential data hub benefits that fit with your organization’s infrastructure goals.