![]() Financial Daily from THE HINDU group of publications Monday, Sep 05, 2005 |
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Info-Tech
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Outlook Data warehousing is next growth area: Inmon V. Rishi Kumar
Hyderabad , Sept.4 MR BILL INMON speaks the language of computers that help better extract information stored in unstructured forms be it speech, e-mail or text, a challenge the industry is trying to find a solution. Considered as the father of data warehousing, Mr Inmon, is in India speaking about data warehouses and guiding techies in mining data and making them meaningful for enterprises. Mr Inmon told Business Line data warehouses would grow exponentially; however, the industry is faced with the challenge of extracting unstructured data and making it meaningful, for its users in corporations and Government. Because of the growing competition, companies cannot do without data warehouse. The data stored in these centres provide the right path for informed decision-making. Areas such as retailing, insurance, banking and telecom services are extremely dependent on data, which make them drill deeper into the existing clients and also offer them right services and solutions. "Just like the traditional outsourcing services, data warehousing can actually be outsourced to third party depending upon the nature of business. Therefore, I expect a wave of data warehouse outsourcing through the proven global delivery model. However, it is not without own checks and balances," he explained. Countries such as Germany and Denmark by law prevent any data from leaving the country. "In fact, if you look at large corporations in the US, it is clear that data warehouse is much more entwined with the business itself. SAP, the enterprise software vendor, is one of the world's largest providers of packaged data warehouse and has recently passed 10,000th licence, which is significant. It is here that the issue of business intelligence and analytics comes into play", he said. Accuracy and integrity of data is a key issue. There are different approaches to data warehouses, one that relates to Oracle and the other that is referred to the IBM way. Inmon associates: Mr Inmon has created three companies. His first, Prism Solutions, has become part of IBM in 1995 and Pinecomb Systems was sold in 2000. "I have become old to manage companies. At Inmon Associates Inc based in Colorado, the focus is on data warehouse technologies and addressing its challenges," he said.
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