Data Management April 15, 2009
Data is constantly being generated. Whether it’s looking for cheap flights, creating a social network profile or purchasing a new electronic online, data is being formed.
Since every business is constantly generating data sometimes what’s being gathered is useful and sometimes it’s simply noise. As a result, what a company should do is eliminate the latter and focus on targeting and using the former.
What is thus required is a form of data architecture based on a well thought-out strategy. The architecture must enable data to be captured, secured, and archived. The last being crucial in the event of a data crash. What would be the point of collecting all this information if it suddenly disappears? It’s also a company’s nightmare when such data is suddenly lost. Take Ma.gnolia. Early this year, Ma.gnolia lost all of its data and has yet been able to recover almost three years of information that thousands of loyal users have helped generate.
In the end, there are two things to consider. One, value the data you capture. Value it in the sense of only capture what you need and do not ask your consumers to divulge unnecessary details if all you need for your business is a simple opinion. Secondly, protect your data. Whether for archiving purposes or from the standpoint of customer privacy, data needs to be secure and safe from potential hackers.
If companies are more careful about HOW MUCH they capture, HOW THEY STORE their data (never store passwords in clear text by the way) and HOW TO USE it, data management will not only become an easy task but also become an efficient tool in managing your business.
Ugh, I liked! So clear and positively.
Elcorin
I have already seen it somethere…
Jinny
Hi, nice post. I have been thinking about this issue,so thanks for writing. I’ll certainly be coming back to your site.