{"id":17376,"date":"2023-07-06T14:59:24","date_gmt":"2023-07-06T14:59:24","guid":{"rendered":"https:\/\/smarterbusinessprocesses.com\/?p=17376"},"modified":"2024-02-09T11:06:14","modified_gmt":"2024-02-09T11:06:14","slug":"5-tips-for-efficient-data-management","status":"publish","type":"post","link":"https:\/\/smarterbusinessprocesses.com\/5-tips-for-efficient-data-management\/","title":{"rendered":"5 Tips for Efficient Data Management","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

Is sloppy data management slowing you down? Most organizations have hundreds of terabytes of cold data sitting in storage, because they lack the time and resources to manage it appropriately.  <\/p>\n\n\n\n

(By cold data, we mean data that is held offline, ie not in the cloud. Cold storage is generally recommended for data that needs to be stored long term, or sensitive data that needs to be kept offline for security purposes) <\/p>\n\n\n\n

Data Explosion<\/h2><\/div>\n\n\n\n

The statistics on Big Data are staggering. According to a recent report by Domo<\/a>, 90% of all data today was created in the last two years. The number of internet users has grown by a billion in the last five years. As digital storage continues to become cheaper and faster, the volume of data in the world is set to continue to rise. <\/p>\n\n\n\n

If you or your organisation are relying more and more on data analysis to inform your strategy and enhance performance, now is the time to start thinking about strategies for efficient data management. <\/p>\n\n\n\n

The Benefits<\/h2><\/div>\n\n\n\n

Effective data management is important for a number of reasons. Automating your data management can be extremely cost effective, and save time by streamlining your processes and reducing manual labour. <\/p>\n\n\n\n

Aside from the financial benefits, proficient data management also helps businesses easily access and analyze their figures to gain valuable insights, which leads to better decisions and improved customer satisfaction. <\/p>\n\n\n\n

Companies are recognising the benefits of having a data driven approach their business model. Recent studies show<\/a> that data driven companies are out performing their competitors by as much as 22%.<\/p>\n\n\n\n

Good data management also means improved security. Managing your data effectively can ensure you keep your sensitive information secure and confidential, and improve your protection against data breaches and security threats. <\/p>\n\n\n\n

Finally, and perhaps most importantly, robust data management can help towards sustainable business. According to Carbon Accounting Platform Greenly<\/a>, data storage centres are responsible for 2% of global carbon emissions, when you factor in all devices that use data storage. Data storage now accounts for more carbon emissions<\/a> than the airline industry, and a single data center uses the same amount of electricity that can power up to 50,000 homes. <\/p>\n\n\n\n

Our Top 5 Data Management Tips<\/h2><\/div>\n\n\n\n

Here\u2019s our five tips for getting efficient with your data management;- <\/p>\n\n\n\n

1. Find the right storage solution<\/h3>\n\n\n\n

There are two main types of data storage;-<\/p>\n\n\n\n

Direct Attached Storage (DAS)<\/strong> This is storage that is attached directly to a specific computer. This can either be the storage space on a PC hard drive, or it can be a removable portable storage medium, such as an external hard drive, CD or DVD, USB drive, or flash drive.<\/p>\n\n\n\n

Network Attached Storage (NAS)<\/strong> Data stored via a central, file server, which allows multiple users to store and share files over a network via Wifi. <\/p>\n\n\n\n

Within these two categories there are a range of data storage options, such as cloud storage, hybrid cloud storage, disc drives, SSD and flash storage. Whichever option you choose for your data management depends on several factors, such as your budget, scalability, ease of access. No matter which solution you use, the two golden rules of storage apply. <\/p>\n\n\n\n