If you have realized your need for Data Warehousing to meet your business objectives, you're not alone. Data Warehouse utilization is expected to grow from $21.18 billion in 2019, to a projected $51.18 billion by 2028. Thats over 10% a year, compounded growth.
Whats driving this migration? Not suprisingly, most companies truly have the same basic needs: Low-latency, real-time view, and advanced analytics. We want what we want, and we want it now.
Key takeaways:
The largest industry utilizing data warehousing is Banking, Financial Services and Insurance. However, the industry expected to grow the most is Healthcare (+200%)
Fastest type of offering: ETL's. ETL means extract, transform and load. Get your data out of the specific software (E.g. Salesforce, Oracle, Workday) and get it into the data warehouse so it can be filtered and cleaned.
Structured data (standard flat databases) will double but unstructured data (video files, PPT presentations, audio, emails), will triple!
Where will data be stored? On Prem and Hybrid model utilization is expected to double, Cloud deployments are expected to rise more to 250% of 2018 values.
Join the revolution, pick a partner who can get you there!
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