A financial institution is trying to optimize its data warehousing strategy. They are considering shifting from batch processing every night to more frequent updates throughout the day. What potential benefit might they achieve?
- Improved data freshness
- Increased data security
- Reduced storage costs
- Simplified data architecture
Shifting from batch processing to more frequent updates throughout the day can significantly improve data freshness. This means the data in the data warehouse is more up-to-date, which can lead to more accurate and timely decision-making. Real-time or near-real-time data can be crucial in financial institutions for risk management and customer service.
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