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Jan 13

Why is data so important?

  • Created: 13 January, 2012

Summary

Data is the life line of any business. The accurate analysis and interpretation of data is a valuable input for a business to gain a competitive edge.

Why is data so important?

Data is the life line of any business.

The accurate analysis and interpretation of data is a valuable input for a business to gain a competitive edge.

It therefore follows that managing data and maintaining the quality of data is an important consideration.

Many companies fail to understand the importance of keeping their data properly managed. Well managed, accessible data and the information that is generated from the data are now considered to be amongst an organisation’s key assets.

Many businesses rely extensively on the innovative leverage of their data to guide their decision making.
Every business needs to effectively manage its data resources to drive its knowledge management.

Remember the famous quote from Lew Platt ex CEO of Hewlett-Packard “If HP knew what HP knows, we would be three times as profitable.”

are the data professionals that work in partnership with companies to ensure their data is continuously monitored, expertly managed and secure.


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