Data Management used to be an enhancement to business operations. But as the datasphere continues to grow exponentially, it’s now a critical factor to business success. This is inclusive of data visibility, access controls, classification, compliance, and backups. Successful business leaders will recognize that the ability to manage their company’s data effectively has substantial financial and strategic implications.
My company recently published a survey that examines the attitudes of IT leaders toward how their organizations approach Data Management. We found that Data Management has a significant korea whatsapp number data impact on business performance and the ability to capitalize on new technology. Leaders need to be armed with data best practices to be competitive. Below are key findings from the research and implications for business leaders to consider as they assess their Data Management priorities.
Poor Data Management Is More Than Just a Headache for the IT Team
Proper Data Management allows businesses to quickly leverage information and glean insights from analysis, streamline business functions, and feel confident in the security of proprietary information. Inefficient data practices and outdated systems make it challenging for IT teams to adequately protect and manage data, opening a company up to security risks. Poor Data Management impedes organizations from leveraging data, negatively impacting decision-making and performance. In fact, almost half of respondents (47%) reported that poor Data Management hinders their ability to make strategic decisions, and nearly a third (31%) said poor Data Management means they cannot compete effectively.