A Key part of a business intelligence is not not only choosing right analysticak tools but choosing the right data warehouse

Which arises a question about the costs of implementing a good running data warehousing service

The main important thing is too look at is ROI which of course depands upon its functions and how well it performs the services for the business implementation
According to the IT research and advisory firm Gartner, “cost should be a secondary consideration to the achievement of business benefits” when purchasing BI software. In other words, focusing on functionality will be more successful in the long run than focusing primarily on cost.


Let’s Know The Factors Which Affects The Price Of Data Warehousing

1st Is Data Storage
According to many companies they have admitted using atleast some parts of their data over cloud
Which says it all as they don’t require space or advance capital and any daily maintainance

Cloud solutions can cost $18 to $84 per terabyte per month, while on-site solutions can cost up to $1,000 per month ($12,000 per year) by some estimates.

2nd Would Be Business Intelligence
The business software review website Capterra estimates that a business intelligence solution costs $3,000 per year on average, with a low end of $600, and a high end of $6,000

3rd IT Personals

Finding the right people is crucial when buying a data warehouse (especially if you’ve gone with an on-premises solution when the entire system could go down with no warning). Some of the roles you may have to fill include:

Information systems manager ($12,000/month)
Backend developer ($8,800/month)
Database architect ($9,400/month)
Data analyst ($7,500/month)
these salaries are only an average and may depend on the market rate and cost of living in your area. In addition, the amount you spend depends on the strain you put on each of these members of the team.


So Now Let’s Know The Average True Costs Of Warehousing

Cloud storage solution: $18 to $82 per terabyte per month
On-site storage solution: $1,000 per month
Visualization software: $600 to $6,000 per year
ETL software: $800 to $8,000+ per month (either fixed or variable)
Personnel: $37,700 per month

So In Conclusion
We Can Say The Investment Is Significant But The ROI Is Invaluable