A datamart is a repository designed to hold data specific to a given business purpose. This is done by merging disparate databases into one central location, allowing greater visibility and better business insights.
Datamarts are developed and implemented to make it easier for clients get better value from their data. They are smaller and more unique to a specific department or business endeavour than a data warehouse. By combining different databases into one smaller repository, organisations can understand a person’s total relationship with their company, and their current and potential value. To get an even better picture, relevant external data like Census and Quotable Value data and/or attitudinal research data can be appended.
Datamarts are fully customisable and can either be installed in-house or hosted externally at Datamine. The data is regularly refreshed and cleaned (daily, weekly or monthly) to provide up-to-date, current and accurate data, which organisations can use to easily track and report on the success of different initiatives in order to develop a continuous learning and improvement culture. Having a datamart with clean and accessible data also makes it much easier for Datamine to work on other analytics projects for the client, as the project delivery timeframe is expedited.
The first step of a Datamart Development project is a workshop with stakeholders to scope and understand the intended us for the datamart. Questions such as the following will be asked:
Business functional areas:
Datamarts deliver value and ROI almost immediately
They’re scalable, agile and offer long term value
Datamarts can be used as a stepping stone to a data warehouse, allowing clients to access and use relevant data while a warehouse is being built in the background
One datamart can later be expanded to include additional datamarts, user-friendly reporting or campaign management solutions