Relying solely on a data warehouse, without an enterprise data management strategy, is a recipe for disaster.
Credit unions are beginning to invest heavily in big data and analytics. When deciding how to allocate funds in this space, leaders are awash with buzzwords and conflicting advice. One of the most common terms used within big data and analytics is: data warehouse. Deciding whether to build or buy a data warehouse is an important strategic decision for credit unions. Unfortunately, many decision-makers get lost in discussions about storage capacity, data processing, data visualization, etc. All of these concepts are important. However, data warehousing is not the solution. It is a powerful tool in an enterprise data management (EDM) strategy.