Data driven decisions - Now more than ever, data is key

The global Coronavirus pandemic, which has in some shape or form touched all of our lives, highlights the increasing significance of data modelling. Data scientists like those at the WHO Collaborating Centre and Imperial College London are influencing government responses, coordinating global efforts to stall the spread of CV-19 and saving lives.

Within the business community, we have long espoused the merits of harnessing data to inform the decision-making process. Those who do so are not only able to reduce costs, identify new revenue streams and adapt more quickly to ever changing market conditions, but also gain the edge in an increasingly competitive market.

Gone are the days when the experience and ‘gut-feel’ of business leaders alone were considered a sufficient guide by which to steer the business. In the ‘new world’ of information, the direction we choose at every crossroads should be empirically informed.

Business Intelligence solutions are now as indispensable to business leaders as the navigation systems by which a captain steers her ship across the waves, whether in calmer waters or through tumultuous seas – you wouldn’t want to be caught without one.

But there are common challenges every business faces when embarking on a journey to empirically informed policy-making;

• How do I integrate the myriad of disparate systems and data sources across the business?
• Do I need highly-skilled resources to produce pages of code, and manage the development cycle?
• What happens when my reporting requirements or the underlying data sources change?
• What is the best visualisation tool for my data?
• Do I need a data warehouse?
• How much will all of this cost, and how long will it take?

TouchstoneBI have grappled with these challenges for our clients over the decades. We have found the fastest and most cost-effective solution to all of these questions lies within TimeXtender – a data warehouse automation platform. TimeXtender can be used to quickly extract, transform and load all the relevant data from across your business into an Enterprise Data Warehouse – without the need for any hardcoding and 10 x faster than traditional development methodologies. Leaving you free to report in any tool, with documentation, control and governance over the entire development process.