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Comprehensive set of 1568 prioritized Data Archiving requirements. - Extensive coverage of 119 Data Archiving topic scopes.
- In-depth analysis of 119 Data Archiving step-by-step solutions, benefits, BHAGs.
- Detailed examination of 119 Data Archiving case studies and use cases.
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Data Archiving Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):
Data Archiving
Data archiving is the process of storing and managing data from a reporting database to be used by a data analytics team for their analyses.
1. Implement data archiving to remove inactive or historical data and free up space in the reporting database.
Benefit: Improved database performance and faster reporting for the data analytics team.
2. Use Oracle Fusion′s in-built Data Purging function to automatically delete aged or unnecessary data from the system.
Benefit: Streamlined and automated data management process for the reporting database.
3. Utilize partitioning to divide data into logical segments based on date, location, or other criteria.
Benefit: Easy management and retrieval of data for the analytics team, increasing efficiency.
4. Set up data retention policies to ensure only relevant and necessary data is stored in the reporting database.
Benefit: Reduces clutter and improves the accuracy of analysis for the data analytics team.
5. Use compression techniques to reduce the size of data stored in the reporting database.
Benefit: Optimization of storage space and improved performance for the data analytics team.
6. Consider using a separate Reporting Instance for data analytics, instead of using the same database as the source.
Benefit: Ensures minimal impact on performance and data integrity for regular users while analytics team conducts their analysis.
7. Utilize data archiving tools and processes provided by Oracle Fusion to ensure compliance with data retention regulations.
Benefit: Avoid potential legal and financial consequences of non-compliance.
8. Explore cloud-based options for data archiving, which involve offloading inactive data to a secure cloud storage.
Benefit: Reduced burden on the on-premise reporting database and potentially lower costs for data storage.
CONTROL QUESTION: Is the data analytics team using the reporting database as the data source for analytics?
Big Hairy Audacious Goal (BHAG) for 10 years from now:
By 2030, our data archiving process will be completely automated and highly efficient, with all data being stored in a consolidated and secure cloud-based storage system. The data analytics team will have access to a reporting database that is constantly updated in real-time, serving as the main source for all analytics and insights. This will allow for faster and more accurate decision-making, as well as the ability to analyze large volumes of data in a timely manner. Additionally, the reporting database will be integrated with advanced machine learning algorithms, providing predictive analytics capabilities to anticipate future trends and inform strategic business decisions. As a result, our company will be at the forefront of data analytics, utilizing archived data as a valuable asset for driving growth, improving customer experiences, and staying ahead of the competition.
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Data Archiving Case Study/Use Case example - How to use:
Client Situation:
ABC Company is a mid-size retail organization with 500 stores nationwide. The company has been in business for over 20 years and has accumulated a large amount of data over the years. As the company has grown, so has its data analytics needs. The data analytics team at ABC Company is responsible for providing valuable insights and recommendations to various departments within the organization, including marketing, sales, and operations. However, the team has been facing challenges in accessing and analyzing data due to a lack of centralized data storage and management.
Consulting Methodology:
In order to address the challenges faced by the data analytics team at ABC Company, our consulting firm proposes to implement a data archiving solution. Our methodology for this project is as follows:
1. Initial assessment: Our consulting team will begin by conducting an initial assessment of the current data infrastructure at ABC Company. This includes understanding the sources of data, data volume, and data storage methods.
2. Stakeholder interviews: We will conduct interviews with key stakeholders, including members of the data analytics team, IT team, and business leaders, to understand their data needs and pain points.
3. Solution design: Based on the information gathered from the initial assessment and stakeholder interviews, our team will design a data archiving solution that meets the specific needs of ABC Company.
4. Implementation: Once the data archiving solution has been designed and approved by the client, our team will work closely with the IT team at ABC Company to implement the solution. This will involve setting up the necessary infrastructure and migrating data to the new archiving system.
5. Data validation and testing: After the implementation, our team will conduct thorough data validation and testing to ensure the accuracy and completeness of the data.
6. Training and handover: We will provide training to the data analytics team at ABC Company on how to effectively utilize the data archiving solution for their analytics needs. We will also provide documentation and support during the handover process.
Deliverables:
1. Data archiving solution design report
2. Implementation plan
3. Data validation and testing report
4. Training materials and user manuals
Implementation Challenges:
1. Resistance to change: The implementation of a new data archiving solution may face resistance from employees accustomed to working with the existing system. Our team will work closely with the IT and data analytics teams to ensure a smooth transition and address any concerns.
2. Data quality issues: As the data at ABC Company has been accumulated over many years, there may be some data quality issues that need to be addressed before implementing the archiving solution. Our team will work with the IT team to identify and resolve these issues.
KPIs:
1. Time saved in data retrieval: This KPI measures the time saved by the data analytics team in accessing and retrieving data after the implementation of the data archiving solution.
2.Hardware and storage cost reduction: This KPI tracks the reduction in hardware and storage costs after the implementation of the data archiving solution.
3. System downtime: This KPI measures the impact of the data archiving solution on system downtime due to data backups and maintenance.
Management Considerations:
1. Data retention policies: Our consulting team will work with the data analytics team and business leaders at ABC Company to establish data retention policies and guidelines for the archiving solution.
2. Security and compliance: We will ensure that the data archiving solution complies with industry regulations and has proper security measures in place to protect the data.
3. Maintenance and support: It is important to have a proper maintenance and support plan in place to ensure the smooth functioning of the data archiving solution. Our team will provide ongoing support and maintenance services to ABC Company.
Citations:
1. Data Archiving for Efficient Analytics, Deloitte Consulting.
2. The Benefits of Data Archiving, Harvard Business Review.
3. Data Archiving Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027, Transparency Market Research.
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