This article is about data warehouses (DWs) for organizations utilizing Acumatica so you can optimize your reporting capabilities by making the best software investment.
Have you ever set foot in a factory or a warehouse before? It’s usually a large space that is used as storage for goods. For companies, there has never been a better moment to increase productivity and lower costs. In a warehouse or factory, there is production support, opportunity to expand, packing and processing, saving time and money, and minimizing business risks. The benefits apply to data warehouses (DWs) as well. If you are starting to feel like you are wasting time and energy that can be used toward something else rather than analyzing and managing data with Microsoft Excel, DWs can help by removing tedious manual work and any errors. In this article, we will focus on Cloud DWs so you can make the most out of your Acumatica experience.
Modern corporate performance management (CPM) tools have reinvented themselves with their flexible database platform, also known as cloud DW. The cloud DW is revolutionary because it can store all your important data to eradicate the need of a unique reporting tool for each data source. Data warehousing has been around for decades. Bill Inmon, who was considered the Father of Data Warehousing, was the first to discuss the principles around DW and coined the term in the 1970’s. Let’s fast forward to the 2000’s. As stated by in TechTarget’s article on Cloud data warehouse guide: Using Redshift, rival platforms, Amazon Web Services (AWS) announced its Redshift DW technology in 2012. This was huge news for the business intelligence (BI)/corporate performance management (CPM) technology world because it is not only introduced as a new product offering, but it also opened a gateway to the cloud DW market as a whole. In 2015, AWS gained a place among the vendors ranked in Gartner’s annual Magic Quadrant report on DW platforms and other analytical databases. Since then, it has also been amongst an array of cloud-based DW competitors. The DW options that are currently available to prospective users include Microsoft’s Azure database options and IBM’s dashDB.
Organizations love the modern cloud DW because all of the companies’ important data are gathered in one location, and Cloud DWs allows users to quickly get their systems up and running. A DW aggregates structure data from multiple sources so that it can be analyzed and managed for BI on a larger scale. Consolidating statements and reports for companies with multiple entities has never been easier as it is stored in one space. DWs are built with the business user in mind, and various features and customization are available. The data housed within DWs can be used for budgeting, dashboards, forecasting, modeling, planning, and reporting. Now that BI/CPM product offerings are in the cloud, DWs are able to consolidate all of your data sources no matter the location, whether on-premises, hosted in the cloud, or web-based.
DWs will continue to be a leading source since users can bring multiple data sources into one location to upgrade budgeting processes, financial reports, and data visualizations. Take a moment to consider what your company needs regarding a cloud DW. As a business DW, a cloud solution like Solver can be well integrated with your Acumatica ERP system and with any other data source to consolidate all your important organizational data. On-premises users don’t have to worry because as cloud BI/CPM solutions continue to grow, most likely hybrid models will appear in the marketplace, combining cloud influence with on-premises foundation. Yes, everything is making its way to the cloud, but your company does not have to make the move overnight.
As for cloud-based Acumatica deployments, BI solutions such as Solver and Adaptive Insights offer pre-built integrations to install data from the Acumatica cloud and into their specialized analytics. Not many product offerings have live integrations, but a tool like Solver can be used for both on-premises installations of Acumatica and with cloud-based Installations of Acumatica, which makes it easier for users that migrate from on-premises to the cloud or even the other way. Cloud technology has taken time in regards to being adopted and trusted in the world of business. As mentioned above, Microsoft Azure and AWS are two of the biggest cloud-based platforms that offer data management, virtual machines, web applications, and many more, so that your organization can work anywhere around the globe as long as you have internet connection, while being managed by the cloud vendor.
Security is a topic I like to address when focusing on Cloud solutions because it’s a common concern among many companies. I’ve got good news. DWs have been built with this concern in mind as vendors understand the importance of security in the Cloud. We hear about hackers and private information being exposed. The vendors understand that and because data lives in one place, the need for security is even more significant. BI/CPM vendors have invested a lot of money and time into making their services protected and easier to manage security by user or by title. This concern of managing user access and data privacy will always be a top priority to these vendors.
I’ve mentioned this before, but I strongly suggest organizations to invest in a complete CPM solution suite. This will help your organization navigate the multi-cloud world that we are constantly being exposed to. With a pre-built, fully customizable DW, your organization can bring together data sources, whether from on-premises or in the cloud. Note that your company does not have to move all of your systems to the cloud or on-premises. You can consolidate your information into a modern, user-friendly DW solution. Solver, Inc. is happy to answer any questions and generally review Solver’s easy-to-use Excel, web, and cloud platforms for real-time or data warehouse integrated analysis using Acumatica.
Solver enables world-class decisions with Solver, a leading web-based CPM suite made up of budgeting, reporting, dashboards, and data warehousing, delivered through a web portal. Solver is reinventing CPM with its next generation solution. Solver empowers business users with modern features including innovative use of Excel in the model design process. If you’re interested in learning more, our team is excited to hear about your organizational needs and goals.