Databases and Data warehouses
These are the places where data related to business files and records are kept and stored. Database is designed to record data whereas data warehouse has to be designed for recording data. Every business transaction is being recorded in these systems so that even smallest possible information is not lost or this can cause deep troubles for the businesses. Since data warehouses are specially designed, they increase the quality of the analyses because everything is well-prepared and standardized.
Data warehouses also play an essential role in setting up the business strategy of the organizations since they help facilitating reporting and analyses. A data warehousing systems helps companies to analyze, retrieve and extract data since it is a means for data storage. It is also said that data warehouses include business intelligence tools which is why they have relationship with the business strategy. Businesses rely on data bases and data warehouses for storing and maintaining their vast amounts of data into a single model than storing them in multiple models.
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The internet technology has been there since 19th century and has revolutionized the way of carrying out work activities by the 20th century. It has various benefits and advantages for the corporate world. Through different systems such as data management, web security and privacy, wireless applications, data warehouses, systems integration, proxy servers, standards and protocols, web engineering, authorization, authentication and access control etc the value of internet technology has further increased which incorporates all these systems and applications.
The physical world has become a virtual world in its true sense with the growth in internet technology and different people continue benefitting from this technology.
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