# Why your IT needs a reliable SQL 
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-07
Category: TECHNOLOGY
Category URL: https://financedigest.com/category/technology
Meta Title: Unlock the Power of SQL for Efficient Data Analysis
Meta Description: Learn how to efficiently access and analyse data with SQL in Oracle Cloud Applications. SQL is the key to unlocking business intelligence and increasing
URL: https://financedigest.com/why-your-it-needs-a-reliable-sqlhtml

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![Marc Ramos, CMO at SplashBI](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/marc-ramos-450x636-1736815272567-compressed.jpg)

_By_ **_Marc Ramos,_** _CMO at SplashBI._

As your organisation’s data grows, supportability and migration become much more difficult. Keep using SQL with greater efficiency when it [comes to accessing and analysing your data](https://www.financedigest.com/power-to-the-people-how-consumers-are-calling-the-shots-when-it-comes-to-data-privacy.html "Power to the people: how consumers are calling the shots when it comes to data privacy"). In a world where data is king, [SQL is more relevant than it’s ever been](https://sqlconnect.com/).

**WHAT IS SQL?**

SQL is a standard database language, translating its functionality into a mature programming language. It’s used to maintain, create, update, modify, and manipulate relational databases. The program is easy to learn and use, integrates easily with scripting languages, and handles massive amounts of information. Data is being generated, collected, and stored at a massive rate every day, therefore it’s [important to have the right skill set to be able to fetch useful data](https://www.financedigest.com/leaders-recognise-the-importance-of-green-transport-at-cop27-but-we-need-data.html "Leaders recognise the importance of green transport at COP27, but we need data") for a variety of business purposes. In modern relational databases, SQL is used not only for storing and searching data, but also for deriving conclusions from it so teams can make informed [business decisions and increase profits](https://www.financedigest.com/julius-baer-2022-profits-fall-as-it-hits-business-cycle-targets.html "Julius Baer 2022 profits fall as it hits business cycle targets").

**Why might [businesses need](https://www.financedigest.com/4-kinds-of-software-your-new-business-needs.html "4 Kinds of Software Your New Business Needs") it?**

In two words: [business intelligence](https://blog.sqlauthority.com/2009/10/21/sql-server-introduction-to-business-intelligence-important-terms-definitions/) (BI). More and more [businesses rely on BI software applications to analyse the data](https://www.financedigest.com/the-four-pillars-of-data-integrity-what-finance-businesses-need-to-know.html "The four pillars of data integrity: what finance businesses need to know") from diverse sources such as SQL databases. BI [activities include data](https://www.financedigest.com/why-finance-teams-need-to-go-beyond-numbers-to-an-active-relationship-with-data.html "Why finance teams need to go beyond numbers to an active relationship with data ") mining, online analytical processing (OLAP), statistical analysis, forecasting and reporting. BI helps businesses make sense of the wealth of information that surrounds them, including customer details and [trends in sales](https://www.financedigest.com/why-sales-enablement-is-the-trend-to-watch-out-for-in-2023.html "Why sales enablement is THE trend to watch out for in 2023") to guide growth and revenue.

SQL is an [integral part](https://www.financedigest.com/what-is-id-and-verification-and-why-is-it-such-an-integral-part-of-digital-life.html "What Is ID and Verification and Why is it Such an Integral Part of Digital Life?") of Oracle Cloud Applications. [Oracle Cloud](https://www.financedigest.com/oracle-offers-its-mysql-heatwave-database-and-analytics-on-amazons-cloud.html "Oracle offers its MySQL HeatWave database and analytics on Amazon’s cloud") applications is used by small, medium and large size organisations and has 9000+ customers. Lets review how the SQL is required in different activities in Oracle Fusion applications

**Data Analysis**

SQL is commonly used by [data engineers, data scientists, and data analysts in software development](https://www.financedigest.com/crowdsourcing-of-data-to-drive-the-high-throughput-process-development-market.html "Crowdsourcing of data to drive the High Throughput Process Development Market") because it is fairly easy to learn the language and its basic features. It can be used for direct [access to an actual database without needing](https://www.financedigest.com/55-of-uk-smes-unable-to-access-all-funding-needed-to-grow.html "55% of UK SMEs unable to access all funding needed to grow") to download data first.

It makes [dealing with large amounts of data to find specific subjects or trends](https://www.financedigest.com/volkswagen-strikes-below-inflation-wage-deal-continues-german-trend.html "Volkswagen strikes below-inflation wage deal, continues German trend") easier for data science professionals. Since SQL has become the standard in many workflows and learning, it is a fundamental skill in [data analytics departments](https://www.financedigest.com/data-analytics-scenario-planning-and-the-finance-department.html "Data analytics, scenario planning, and the finance department") within business.

**Bringing data together**

Typically, BI dashboards benefit [businesses by tracking](https://www.financedigest.com/5-fx-metrics-your-business-should-be-tracking.html "5 FX METRICS YOUR BUSINESS SHOULD BE TRACKING") processes from beginning to end. Due to this holistic approach, dashboards typically use data from different sources. Dashboards are a good place to [bring together](https://www.financedigest.com/impact-com-announces-partnerships-experience-event-ipx-bringing-together-all-players-in-the-partnership-economy-and-featuring-special-guest-trevor-noah.html "impact.com Announces Partnerships Experience Event, iPX, Bringing Together All Players in the Partnership Economy and Featuring Special Guest Trevor Noah") all available data sources. This way, [organisations can establish relationships between the data](https://www.financedigest.com/can-financial-services-organisations-harness-data-and-bi-to-catch-up-in-the-digitalisation-race.html "Can financial services organisations harness data and BI to catch up in the digitalisation race?  ") they collect and analyse it all as one. Data can be in different part of the applications like Human Capital management (HCM), ERP/ Financials, Supply Chain Management (SCM), [Workforce Management](https://www.financedigest.com/6-keys-to-managing-a-remote-first-workforce.html "6 Keys to Managing a Remote-First Workforce"), CX, Sales, Customers management etc.

**Focusing on KPIs**

Dashboards are built to provide quick insights into some of the most [important business processes](https://www.financedigest.com/5-reasons-why-modernising-is-the-most-important-ongoing-process-for-any-business.html "5 Reasons Why Modernising Is The Most Important Ongoing Process For Any Business"). Dashboards work best if the information they contain is to the point and instantly visible. The dashboard-building process begins with determining its purpose and [key performance indicators](https://www.techtarget.com/searchbusinessanalytics/definition/key-performance-indicators-KPIs) involved and KPIs are crucial metrics for the evaluation of a business process.

In addition, well-designed dashboards do not have clutter and are concise. Therefore, they provide quick access to KPIs that are tailored to the process that organisations are tracking, helping them to focus on those KPIs even more deeply.

**Telling trends**

With the requirements set and met, a dashboard gives insight into the well-being of a business. It is a [form of quick business](https://www.financedigest.com/networking-is-key-to-forming-business-ideas-as-a-college-student.html "Networking Is Key To Forming Business Ideas As A College Student") news for an organisation.

Dashboards should lay out KPIs in a [way that can provide a perspective of the past and current activities so organisations can predict what they will look like in the future](https://www.financedigest.com/5-ways-to-protect-your-wealth-for-future-generations.html "5 Ways to Protect Your Wealth for Future Generations") and perhaps try to change their course. Having awareness of these trends means organisations can make adjustments to their procedures, and then either further improve their results or prevent issues from escalating and then improve their results.

BI dashboards can [benefit businesses](https://www.financedigest.com/does-the-cloud-benefit-modern-business.html "Does the Cloud Benefit Modern Business?") when they have the proper setup and design. Due to this, when creating one it is important to understand the purpose and requirements in order to select the right KPIs, to choose the [data to present and to design the dashboard in such a way](https://www.financedigest.com/four-ways-data-and-ai-can-transform-financial-services.html "Four ways data and AI can transform Financial Services") that it tells a story. Once it is built, tested and fully operating, a BI dashboard can be an extension of a BI team with 24/7 availability.

**Improving the** [decision-making process](https://www.financedigest.com/gary-mcgaghey-explains-how-cfos-can-strengthen-decision-making-processes-and-reimagine-the-finance-model.html "Gary McGaghey Explains How CFOs Can Strengthen Decision-Making Processes and Reimagine the Finance Model")

In a nutshell, BI aims at answering two questions. These questions can be addressed to the business as a whole or to specific segments. What do we do [next?” is always followed](https://www.financedigest.com/france-next-on-the-map-for-adtech-vendor-adnami-following-the-signing-of-new-partnerships-with-ad4good-and-tf1.html "France next on the map for adtech vendor Adnami following the signing of new partnerships with Ad4Good and TF1") by a decision. This is precisely the purpose of a dashboard. It is meant to provide answers to numerous questions with a single goal of [making an informed decision](https://www.techtarget.com/searchbusinessanalytics/definition/decision-making-process).

**Last words**

Business leaders must consider the long term implications of how they collect, store, and manage the data for which they are responsible, and if it appears that they [might be heading towards becoming overwhelmed by data](https://www.financedigest.com/your-money-is-safe-but-your-data-might-not-be.html "YOUR MONEY IS SAFE, BUT YOUR DATA MIGHT NOT BE") based on their current resource usage, they must act sooner rather than later.

The use of SQL especially in Oracle [Cloud applications that use it can give companies](https://www.financedigest.com/green-cloud-one-way-your-company-can-commit-to-sustainability.html "Green Cloud: one way your company can commit to sustainability") the much-needed future-proofing for their data storage that will allow them to take advantage of new opportunities.


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