Businesses use data to track consumer buying habits to improve the marketing of products and services; financial organizations use data to detect fraud, and manufacturing organizations use data to ensure regulatory compliance and reduce risk. No matter the industry, data is utilized to improve the product or service offered, understand consumers better, or operate more efficiently.
The Volume of Data is Incomprehensible
Data is growing more rapidly now than in the past and with 6G networks on the horizon, data will be collected and stored at unbelievable speeds. Everywhere you look, there is a smart device creating data that is sent to a database, file, or even a spreadsheet. Those silos of data are stored on on-premise servers, in the cloud, or even in multiple clouds. A data silo is a collection of information that is isolated from and not accessible by other parts of the organization. This can result in duplication of data when one part of the organization doesn’t know what data another part is storing. This is a common problem that results in inconsistencies.
Data Silos Weren’t Built in a Day
It may be difficult, expensive, and/or time-consuming to re-organize the silos due to the way systems have been built over time and were set up with various permission and hierarchies. The data may not only be scattered in different places but may reside in different formats, i.e. Oracle, SQL Server, or Excel.
Consolidating Data Requires Bridge Building Skills
Data scattered across multiple applications, stored on-premise and/or in the cloud, and in a variety of formats is challenging to access and to merge to produce meaningful information that presents a comprehensive analysis. How do you consolidate your silos of data to create the most meaningful information? Imagine what it would be like to access the silos of data in a variety of formats without a labor-intensive effort.
Build the Bridge with Alchemize
Alchemize, powered by Maxis, is a solution that will automatically bridge your silos of data, convert the formats, and consolidate the information for a comprehensive in-depth analysis. Alchemize expedites the process, saves times, and eliminates duplication and inconsistencies so you are confident in the results.