Top 5 best techniques for successful data management
Added: (Fri Jun 04 2021)
Pressbox (Press Release) -
Dufrain: Industry leaders in data monitoring
Aside from individuals, your information is your most essential business asset. Today it's easy to produce huge quantities of data relating to your consumers, workers, competitors as well as market trends. And also this data can be utilized to make better-informed choices, increase company effectiveness and delight your customers.
However, the sheer volume of data available to your organisation brings its very own collection of challenges. In addition to needing the right on-premises and/or cloud-based facilities to store, transfer and process all your data, you need to identify your most relevant data and establish its accuracy.
Information management best practices
Dufrain's Data Management specialists have actually created 5 best practices to help you optimise your business in the age of big data.
1) Align your data monitoring goals with your service goals
If you're starting your data management journey or wanting to fix a failing working data approach, you should start by addressing precisely what you wish to accomplish with your company's data.
Having a good understanding of what you're intending to do with this information suggests you only need to focus on the data that relates to your objective. This will help reduce complexity while minimizing information storage space demands as well as costs.
So, what are the business objectives you wish to achieve? This could be anything from enhancing decision making to determining clients' buying patterns. The point is, if you align your data processes with your service objectives, you won't end up with massive swathes of data that are surplus to requirements.
2) Focus on data quality
You cannot make better informed data-driven business decisions without trustworthy and reliable data Out of date and irrelevant data should be eliminated to keep your data primed for optimal use.
Data literacy within your organisation is a must. Do your employees have a mutual understanding of exactly how to set up and automate information collection procedures? Are they confident when accessing and utilising the data? Training is vital to ensuring your information is collected, accessed and interpreted appropriately.
Ensure your data is checked and cleaned before using it for analytics or reporting objectives. This will enhance the precision of all metrics drawn from this information. Inevitably, your business information must be clean and reliable.
3) Remove replicate data.
Duplicate data is a generally approved fact of business life yet there are solutions. You can introduce the right data management processes to manage and eliminate redundancies.
This is key, particularly at the beginning of your information strategy process. You must create systems that allow information to be upgraded or changed when a person opts-in more than once or makes a return purchase. Duplicate data and redundancies need to be managed to ensure your data remains clean and accurate.
4) Make your information easily accessible to all the right people
Of course, the security of your data is a high priority. You don't want anybody without the appropriate approvals to get to your organisation information. On the other hand, you don't intend to make it time-consuming and difficult for your own people to access the information they require to finish their tasks successfully.
Setting up the best logins and access authorisations for all your employees based on their duties is important. Executing different degrees of authorisations for everyone from execs to sales reps will make it logical and easy for everyone to access the information they require as soon as they need it. Having the same set of policies for everybody will either be restrictive (not good for business) or too open (not good from a security perspective).
5) Make certain your information is safe and secure
You do not wish to succumb to an information breach or jeopardise the data privacy of your whole consumer base, right? That's why you need to use data management processes that are designed to safeguard your information. This will also help you to comply with GDPR and the different industry regulations involved with data collection.
An essential part of data monitoring is having the right people in charge and ensuring that everyone knows just how to manage your company's data in a secure and safe way. In order to reduce the risk of a possible data breach or cyberattack, you will require a strategic plan of action. With this in place, you'll be able to relax.
Dufrain is a market-leading data analytics consultancy. If you're hoping to optimise your data management, our experts would love to hear from you.
Get in touch with us to review your data administration requirements or call us on 0800 130 3656.