When companies invest in a Dynamics 365 Finance & Operations implementation (or Microsoft Dynamics AX), they are faced with decision of whether to move their previous data into their new system. Some companies decide that detailed historical data should not be pulled over into the new system. There can be several reasons for this:
- It keeps the new ERP data clean.
- A smaller database will run more efficiently.
- Mapping and migrating that volume of data could potentially be costly.
However, while some companies may have their reasons to not integrate previous data, we recommend you DO move your historical data over. That information can be vital when analyzing patterns and trends in your business. In most cases, we have clients who really want to have that old ERP system data accessible for forecasting and reporting. Perhaps you want to run year-over-year sales reports, and want to be able to drill into the detail. Because we highly recommend you transfer that gold mine of data over, we have built a customized data warehousing solution, DataCONNECT, that will allow you to integrate and analyze your historical data and compare it to the data from your new Dynamics 365 and/or other business systems. This helps keep your ERP data clean, your database will still run efficiently, and mapping and moving the data will be affordable.
What is a Data Warehouse?
A data warehouse is a system that pulls together data from many different sources within an organization for reporting and analysis. The reports created from complex queries within a data warehouse are used to make informed business decisions. In more comprehensive terms, a data warehouse is a consolidated view of either a physical or logical data repository collected from various systems.
DataCONNECT Data Warehouse helps companies:
- Cut costs of building data models
- Reduce risk of using incomplete information to drive decisions
- Enable access to historical data
- Receive nearly instant insight and predictive power to make informed, time-sensitive decisions
Once your historical data has been pulled into DataCONNECT, you can use any of our hundreds of pre-built KPIs to analyze past results or predict future scenarios. Viewing this information can sometimes be tricky and interpreting can, at times, be a whole other language. We use Power BI to view our data and our clients information. Power BI is a cloud-based suite of business analytics tools with comprehensive business intelligence capabilities that empower employees with easy-to-understand visual data to make smart business decisions and keep your business secure, connected and cohesive.
In today’s high-stakes business environment, companies that differentiate, outperform, and adapt to customer needs faster than their competitors rely on big data analytics, but also, their historical data. They see how the purposeful, systematic exploitation of their current and past data, coupled with analytics, reveals opportunities for better business outcomes.
To learn more about how DataCONNECT or a data warehouse solution can help you migrate your historical data into your new Dynamics 365 system or other ERP, contact us today.
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