First, let’s start with looking at the definition of a database.
To put it simply and concisely, a database is a collection of structured data that is saved electronically in a computer system. It can be either on a physical server or in a cloud-based data.
A database management system (DBMS) is to control each database. Hence, a database system refers to the collection of data, the database management system, and any other applications that are utilized inside the system as a whole.
For example, spreadsheets like Excel or Google Sheets are meant to hold data; they are intended for single users. They have limitations in terms of the amount of information that can be controlled by them. A database is the polar opposite of this: it can manage a tremendous number of queries and be used by several users at the same time.
Database and ERP Relation:
One of the most important aspects of how an ERP system operates is the use of a shared database. The Oracle NetSuite software, for example, has a core database that enables its customers to merge information from across the organization’s divisions. A firm may eliminate all human data entering and the requirement to integrate disparate databases from multiple apps by utilizing this feature.
A Data Warehouse is a system that collects information from a variety of sources within an organization and makes it available for reporting and analysis. The results generated from complicated queries are subsequently utilized to assist in the decision-making process for the company. But it does not hold current information, and it does not get real-time updates.
What is the purpose of it then?
One of the most important reasons is to produce superior reports from your data, which will allow you to make even more precise judgments for business development.
ERP systems like Oracle NetSuite is a piece of software designed to help businesses conduct their day-to-day operations. Their database will provide operational reports that are focused on the essential business operations of your company. Integrating an application such as a data warehouse into your NetSuite system will offer you augmented views and tables that will allow you to better evaluate your essential data.
What are the advantages of utilizing a Data Warehouse with ERP?
The ability to save time is one of the most significant benefits of a data warehouse. All of the information you want for your specific project or report may be in a matter of minutes, allowing you to complete your task in record time.
A data warehouse reduces the possibility of duplicated or insufficient data being stored.
If you ever need to foresee strategic decisions, you cannot do so unless you have access to past data. As a result, you must have safe data warehouses to maintain track of all of this information for future expansion.
Using ERP system with data warehouses: Is it a smart move?
There should be no reason you can’t construct a data warehouse with an ERP database integration, regardless of whether you’re currently using an ERP system. When comparing an enterprise resource planning system with a data warehouse, the difficulty is that they are incomparable. They are two distinct things that at first glance appear to be incompatible, yet once they are brought together, they work beautifully.
So, if you’re still wondering, ‘why do I need a data warehouse if my ERP already has a database?’ you should get in touch with us to learn more about how an Oracle NetSuite ERP Malaysia provider and data warehouse integration may benefit your company.