There are a lot of benefits to copying data from your various source systems into a single centralized analytics platform in order to conduct your team’s business intelligence efforts.

The major benefit is the ability to perform cross-process analysis. Having the information in one location allows you to combine data together from your various business processes. You can then use this combined data to perform analysis across your various processes to find insights that were previously undiscoverable.

Another benefit is the ability to track historical changes over time within your central repository. Many source systems will store data as-is and you will lose the ability to analyze as-was historical changes. When you extract your data into a central repository, you can define a strategy for tracking your source system’s changes over time.

A third benefit is the ability to effectively model your combined business data into dimensional models containing facts and dimensions. This structured data allows you to be more efficient when doing diagnostic analysis and also prepares your data for more advanced work like predictive and prescriptive analysis.

A final benefit is the ability to implement cross-process measures against the modeled data in your central repository. When your data all lives in the same place, you can easily define calculations that utilize data points from different systems to produce additional business metrics that can be analyzed.  For example, you could create a total revenue measure by combining revenue metrics from multiple systems throughout your organization.

Storing your business data in one central repository unlocks the ability to model your entire business domain in one central place. ConradBI can help you implement a centralized business intelligence platform. We can also help you find the many insights waiting to be discovered. Contact us today!