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5 Data Management Practices For Small Businesses

If you are a small business owner, or even if you work for one, this article is especially for you. There are many data management practices out there that can be taken advantage of to help your company grow and flourish. Data is essential for any small business. It can be the difference between success and failure. However, data management practices are not always a top priority when it comes to running a small business. Here are 5 simple ways you can manage your data better as a small business owner:

  • Use A Thorough Data Governance Strategy

The consequences of a lack of data security are severe. In order to ensure your organization’s information is safe, you need access and knowledge about what it contains- which can only come from accurate records. Without governance over how that info gets stored or accessed, there will always be vulnerabilities waiting for someone who takes advantage when things go wrong.

  • Outline Your Company’s Objectives

Good data management is a critical component in any successful business. The first step you should take towards this goal? Defining your objectives and determining which information will be valuable to the goals of your company!

Data is a valuable resource for any company, but many businesses have mountains of data that they don’t know what to do with. This consumes all the resources and provides little return on investment or profit since most companies just store everything without being able to choose which bits are important enough not to have them stored at all costs. Knowing exactly how you want to handle your own particular situation can help reduce storage needs while also helping ensure only relevant information makes its way into future decisions.

  • Invest In A Data Management Solution That Is Dependable

The right data storage system can be the difference between success and failure. The first step in choosing one is determining what your company needs it for, such as storing information or transferring large amounts of documents between employees with ease. Next, consider how easy they’ll be on your staff members who work with them. Is there fail-safe security built into this software package so nobody gets hacked while working online from home!?

Investing in the incorrect consumer data platform is a certain way to cause a slew of problems. You’ll also wind up costing your firm more money in the long term since you’ll have to buy and learn a new system, retrain your employees on how to use it, and rebuild the data entry processes.

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  • Prioritize Data Quality

Clean data is the key to making sure your company can still depend on its information. Cleaning up all errors, omissions, and false positives will allow for a more accurate account of what’s happening in any given situation or location that you have sampled from- this means less guesswork when trying to put together a business report.

  • Make The Information Readily Available To The Appropriate Individuals

The balance between data security and convenience is a delicate one. Security in Data Management refers to only allowing authorized individuals access to reports or views of company information, while not letting outsiders get their hands on it at all costs; Convenience depends more so on how easy this sensitive material can be attained by those who need it.

It’s important to invest in data management software and ensure that rights, authorizations are set depending on an individual’s role with the data. For example, lower-level workers of a firm might not require database access but they may have a view-only area where they cannot alter it as well unless given exclusive permissions from their manager or supervisor who can grant them those privileges through this type of system.

As you can see, there are plenty of data management practices that can help your business get organized. We’ve given you some great tips to improve the way your company manages data so call us today if you need more information.

Do You Need a Data Management Team You Can Trust?

Cantrell’s Information Technologies has been providing Data Management systems and cybersecurity to business owners throughout the San Francisco Bay Area for over 20 years. We are dedicated to the efficacy and vitality of your data. There are currently more endpoint devices than people in most companies, so it’s important to understand how many of those devices are accessing data and what they’re doing with that information. We provide multiple layers of security for HIPAA, FINRA, and PCI compliance as well as training against IT threats when it comes to computer viruses. Many of our customers initially work with us to help them improve the way they store, access, and protect their critical business data from cybercriminals. We also help them move or expand their offices. We support the needs of our East Bay customers including businesses located in Concord, Martinez, Walnut Creek, Lafayette, Moraga, Orinda, and Pleasant Hill. Contact us today for your free consultation!

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