Unlocking Data: The Key to Integrated Insights and Business Transformation
🔐

Unlocking Data: The Key to Integrated Insights and Business Transformation

Tags
Data Accessibility
Data Analysis
API Calls
AI
Big Data Analysis
Database Structures
Published
February 21, 2024
Author
Stephanie Wiechers
When was a time you made a small change, and it made the world of difference? That something suddenly clicked and you just couldn’t wrap your head around why this was not done before?
This article explains how to lay the foundations of becoming an overnight success in business - to enable yourself and your teams to make the right choices, based on what is really going on in your company.

All information in one place

Knowing what’s really going on in your business is not a matter of letting each department work as a single island. Whether you’re in manufacturing and it is the stock management that can form a bottleneck for sales down the line, or you’re in hospitality or culture and the number of tickets sold are influencing your bar sales, you know that one influences the other.

Insights into your data

In today's dynamic business landscape, success hinges on more than just individual departmental performance. The interplay between different aspects of your operations often holds the key to unlocking untapped potential.

Easy Answers and Easy Insights

Accessing actionable insights shouldn't feel like deciphering hieroglyphics. Visual representations such as graphs and charts simplify complex data, enabling swift comprehension and informed decision-making.

Combining Data from Different Departments and Systems

Imagine the power of seamlessly integrating data from disparate sources like ticket sales, bar sales, stock management, and customer relations. Or quotes, engineering, sales, operations and HR. This holistic approach allows for comprehensive analysis and the identification of pivotal opportunities for improvement.

Identifying Small Changes with Big Impacts

Sometimes, the most transformative solutions arise from subtle adjustments. By leveraging integrated data insights, businesses can pinpoint minor tweaks that yield significant results, propelling growth and efficiency.

The technical part of the story

Put simply, the back-end of integrated insights into all of your departments is one database with all data from different silos.

Creating the database

The process begins with API calls retrieving the data from each software vendor. Since each vendor offers data in a different format, this requires some translation. Custom ETL (Extract, Transform, Load) software plays a crucial role in harmonizing disparate data streams.
  • The ETL daily makes API calls (Extract)
  • Then it puts the data into the right format (Transform)
  • And finally, it will store it in the central database (Load)
 
notion image

Using the database

With your organized, structured database, you now are ready for further data analysis. This can be as straightforward or advanced as you want it to be. You can get essential insights into your business and operations, showing real-time revenue, staff productivity, inventory cycles. Or you can use it to identify larger trends, using big data analysis and AI to uncover any hidden relations.
A well set up database is not static. As your business evolves, so too should your data infrastructure. Anticipating growth, software transitions, and emerging roles ensures that your database remains adaptable and future-ready.
For organizations prioritizing data analytics and software flexibility, a structured database offers unparalleled accessibility and customization options. Conversely, those opting for vendor-specific solutions may find Microsoft's offerings to be a seamless fit. When in doubt, a structured database where data ownership is fully in your hands is the safe choice: it can be used on any platform and by any data analyst.

We publish a bimonthly newsletter. Get the latest industry applications for data analytics, data engineering, data science and AI.