Question

Which of the following are some benefits of using a data warehouse?

a) improved tracking and forecasting
b) faster data updates
c) most up-to-date data
d) shared data storage

Answer 1

Some benefits of using a data warehouse include improved tracking and forecasting, faster data updates, most up-to-date data, and shared data storage.

Step-by-step explanation:

Using a data warehouse offers several benefits:

1. Improved tracking and forecasting: A data warehouse allows organizations to analyze and understand their data more effectively, leading to better tracking and forecasting of business performance.
2. Faster data updates: Data warehouses are designed to handle large volumes of data and provide efficient processing capabilities, allowing for faster updates and retrieval of information.
3. Most up-to-date data: A data warehouse integrates data from various sources and regularly updates it, ensuring that users have access to the most current and accurate information.
4. Shared data storage: Data warehouses provide a centralized and secure environment for storing and accessing data, enabling multiple users to access and analyze the same data for informed decision-making.