Question

A large data store that stores historical data about an entire organization is called a:_________

Answer 1

A large data store that stores historical data about an entire organization is called a "data warehouse."

What is historical data?

In a broad sense, historical data is information gathered about past events that occur pertaining to a specific subject. By description, historical data includes all data generated within an enterprise, whether manually or automatically.

The importance of storing historical data are-

1. Keeping historical data on any and all customers can clearly aid in improving TTR indicators. Customer service agents can see when troubles have occurred in the past by obtaining historical data on a client: dropped interconnection, macro blocks, and memory leaks.
2. Recognize the evolution: Using these variations and peak information in the database are critical in understanding evolution patterns. Historical data allows for the tracking of progress over time, which provides important insights. These insights are critical for trying to drive a business.
3. Make forecasting possible: Big data technology allows for the analysis of historical data in order to forecast future events. However, the forecasting methods rely on massive historical data sets to do so. Thus, archiving historical data is required.

To know more about forecasting, here

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