Why is Data Warehousing important for companies?

Data Warehousing is important for companies because:

• It allows for the collection, storage, and analysis of large amounts of data from various sources


• It provides a centralized repository of integrated data for easier access and analysis


• It enables companies to make informed decisions based on historical and current data


• It helps in improving business intelligence and performance by providing timely and accurate insights


• It enhances data quality and consistency by eliminating duplicates and inconsistencies in data sources


• It supports data mining and predictive analytics for identifying trends and patterns in data