DATA CONSOLIDATION STUDY
Data is the foundation of the Information Revolution and the most important piece of your Digital Transformation.
Data is the new Oil – Is it?
Every business has data. Customer relationship management (CRM) software, Human resources systems, product database, Specialized Industry Software, Surveillance & Security feeds, Backup, and hundreds of other business systems all contain data about your business. This data is valuable on its own, even when it’s locked in its own application silo, but it’s even more valuable when it’s combined with the data from the rest of your business.
The value of oil comes from its scarcity and the difficulty of extracting it from new, untapped locations. However, it is increasingly easy to produce massive amounts of data.
Oil is also a single-use commodity, while data can be reused and shared for new purposes and insights.
Unlike oil, the value of data doesn’t grow by merely accumulating more. It is the insights generated through analytics and combinations of different data sets that generate the real value.
Data also needs to be collected and maintained in a usable and accessible format in order to achieve these economic benefits.
Data consolidation is the process of taking all of your data from disparate sources throughout your organization and combining it in a single location. This single location can be an on-premise enterprise storage solution or a cloud data warehouse or lakehouse environment. where ever it may be this data needs to be maintained for any time availability and retention.
Also When your data is all in the same place, it’s a lot easier to get a 360-degree view of your business. It’s also much easier to transform that data to make it useful for reporting or analytics.
OTSPL with its team of expert technical staff provides consultancy services to SME’s & enterprise customers in their Data & Storage Consolidation Objectives. Contact us to know more.
