What is Data Collection Frequency?Data collection frequency is the rate at which data is collected. However, the data is not just collected and stored. it goes through various stages of processing like extracting from various sources, cleansing, transforming and then storing in useful patterns.
It is important to have a record of the rate at which data is collected because of various reasons:
Companies can use these records to keep a track of the transactions that have occurred. Based on these records the company can know if any invalid transactions ever occurred.
In scenarios where the market changes rapidly, companies need very frequently updated data to enable them make decisions based on the state of the market and then invest appropriately.
A few companies keep launching new products and keep updating their records so that their customers can see them which would in turn increase their business.
When data warehouses face technical problems, the logs as well as the data collection frequency can be used to determine the time and cause of the problem.
Due to real time data collection, database managers and data warehouse specialists can make more room for recording data collection frequency.