Effective Data Management: Optimizing Business Decisions
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Data Management for Business Success
Effective data management is crucial. Company information, when properly configured and organized, becomes a valuable asset. Haphazardly piled data is unusable when needed. Data helps a company and must be stored and organized for easy and accurate retrieval.
Types of Business Information
The information a company may require can be categorized as:
- Internal: The quality of internal information depends on the business organization's ability to capture, process, and store it.
- External: External information is generated outside the company and affects it. Access to such data is essential for identifying opportunities and staying ahead of the competition.
Not all data is significant at all levels of an organization.... Continue reading "Effective Data Management: Optimizing Business Decisions" »