Modern businesses depend on growing amounts of data to market, develop and produce products, optimize their operations, boost profits and manage inventory in order to keep costs low. This data should be easily accessible to all employees, and it must be accurate, reliable and safe.
To meet these needs, companies require a complete solution that incorporates the tools and technology needed to oversee every step of the lifecycle of data, including collecting, storing and processing. A comprehensive data solution should include data management, business analytics and a catalogue of data.
When it’s time to collect and store data, a business needs to ensure that it is able to scale up and back down to meet demand. It is crucial to select the right database to store data and to have the tools necessary to move data between and within that database. It is also crucial to eliminate unnecessary siloed information to reduce the size of operational databases.
The tools needed to collect and store data are often referred to as the «data infrastructure». It is a set of software used for managing, storing and processing data to be used for analysis and reporting. This layer also includes systems that create visual representations of data to enable them to be used by analytics and business intelligence tools. This layer is broken down into two sub-components including data modeling and management of data warehouses.
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