5 Trends that make a data warehouse more urgent than ever
1. Third-party data is declining
Due to stricter privacy regulations and the disappearance of third-party cookies, first-party data is becoming increasingly important. Your own data warehouse plays a central role in this, as it safely stores and manages all your (first-party) data.
2. More complex (website) tracking
Tracking visitors and customers is becoming more difficult due to browser restrictions and legislation. Where you used to be able to track everything, you now have to handle the data you can and may collect more smartly. The data warehouse serves as a central place to optimally leverage and analyze this increasingly scarce data.
3. Growth of predictive algorithms
Predictive analytics and AI are playing an increasingly larger role. To train models, you need sufficient (and especially high-quality) data. Your data warehouse provides the supply of this data—without a solid foundation, there are no good algorithms.
4. Personnel is becoming more expensive
As employees become scarce and expensive, it’s worthwhile to automate processes as much as possible. A data warehouse is ideal for automating tasks that require many repetitive, manual actions (such as reporting and data checks).
5. Competitive advantage for (scale-up) companies
More and more scale-ups and established companies are investing in data. Not keeping up with this development will cause your organization to fall behind. By using data smartly, you can move faster, make proactive decisions, and adjust where necessary.
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