Tuesday, 31 May 2022 18:26

Data - the gold of modern business

Rate this item
(1 Vote)
data cataloging software Dataedo data cataloging software Dataedo pixabay

We live in a time of technological revolution, which affects every sector of the economy. Business is particularly susceptible to all kinds of new technological solutions that facilitate and streamline running a company.

Data is nowadays extremely valuable, therefore methods of storing, processing and sorting data are nowadays the basis of business. So how can such data be sorted and used?

A data catalog - all your data in one place

A modern company accumulates huge volumes of data every month. Information regarding the number of services/products sold, the degree of customer satisfaction, the profitability of projects, stock levels, complaints and returns, and logistics are just some of the data that can flow to company servers every month. If a company is not prepared for such a tsunami of data, it is an irreparable loss. Why? Because data, today, is the gold of modern business. Information flowing from such data shows the current situation of the company and allows to make predictions about its development.

For this reason, the proper storage and cataloging of data is crucial for the progress of a modern enterprise. There are now programs that are created for one purpose - cataloging data. Thanks to this, all the most important information concerning the company is available in one place, which can be freely used by different departments of the company.

Why is data so critical to business growth these days?

Business Intelligence is now becoming a standard in many sectors, as it allows for excellent control of the current state of a company. What is more, BI also enables very accurate predictions as to the development of the company. The vast majority of managers today rely on BI predictions, which allows them to determine the direction of development most beneficial to the company.

Data catalog software - what should I consider when choosing software?

Data cataloguing and sorting must be performed by software that is properly adapted to this task. This type of software is becoming more and more common on the market nowadays. However, entrepreneurs agree that the best software is able to leave the competition far behind. A perfect example of this can be the data cataloging software Dataedo, which is a program that offers many different tools, including data cataloging.

Finally, it is worth mentioning that not taking advantage of the data flowing constantly to the organization is a big mistake. Every major company has its own BI department or outsources it, so proper data cataloging is now the key to success and growth!

 

 
  • The Ultimate Guide to Staying Injury-Free in High-Impact Sports
    The Ultimate Guide to Staying Injury-Free in High-Impact Sports

    High-impact sports, such as football, rugby, and basketball, bring incredible excitement, physical challenge, and rewards. However, they also come with a significant risk of injury. With fast movements, sudden stops, and frequent contact, the physical demands placed on athletes can be extreme, making injury prevention a top priority.

    Written on Monday, 18 November 2024 11:05
  • The Essential Guide to Becoming a UDT Forklift Operator
    The Essential Guide to Becoming a UDT Forklift Operator

    Operating forklifts is a critical function in various industries, ensuring the efficient movement of goods and materials. In Poland, the role of a UDT Forklift Operator is particularly significant, given the stringent regulations enforced by the Urząd Dozoru Technicznego (UDT) or the Technical Inspection Authority. This guide delves into the responsibilities, training, certification, and best practices associated with being a UDT Forklift Operator.

    Written on Wednesday, 23 October 2024 07:51
  • TraderRepublic Review (trader-republic.co) – Boost Your Trading Career with This Broker Platform
    TraderRepublic Review (trader-republic.co) – Boost Your Trading Career with This Broker Platform

    While there are plenty of beginner-friendly trading platforms available today, very few actually help users grow and advance in their trading careers. Many new traders express frustration that their platforms lack the resources and features needed to progress.

    Written on Monday, 14 October 2024 18:25
  • Gemstone Holdings Review (gemstone-holdings.com) – A Trading Platform That Lives Up to Veteran Traders' Expectations
    Gemstone Holdings Review (gemstone-holdings.com) – A Trading Platform That Lives Up to Veteran Traders' Expectations

    Recently, I tested several advanced broker platforms, focusing on their suitability for experienced traders and professionals. Surprisingly, most of these platforms fell short of meeting the needs of expert traders. However, I did come across a few promising options that cater to the demands of seasoned traders. In this Gemstone Holdings review, I will highlight one such platform, helping you decide if it’s the right fit for professional traders.

    Written on Monday, 14 October 2024 18:20
  • Professional Freezer Repair Services in London
    Professional Freezer Repair Services in London

    Freezer repair is a crucial service that can prevent significant losses both in households and businesses. Repairs4Us offers comprehensive and professional freezer repair services, ensuring that your appliance is restored to full functionality quickly and efficiently.

    Written on Sunday, 13 October 2024 11:24
  • TRANS-EUROLOGIS - Leading Innovation in Transport and Logistics
    TRANS-EUROLOGIS - Leading Innovation in Transport and Logistics

    In a globalized world where the swift movement of goods is integral to economic stability, the transport and logistics industry plays a crucial role in ensuring that supply chains remain efficient and cost-effective. One company that exemplifies the dynamism and innovation in this sector is TRANS-EUROLOGIS, a German-based transport and logistics provider that has established itself as a leading player in the market.

    Written on Wednesday, 25 September 2024 15:44
  • Eco-Friendly Ways to Remove Pet Stains from Carpets
    Eco-Friendly Ways to Remove Pet Stains from Carpets

    Accidents happen. It's a fact of life for pet owners. While our furry companions bring us endless joy, sometimes they leave unwelcome surprises in their wake. Fear not, fellow pet parents! There are ways to tackle pet stains and odours without resorting to harsh chemicals. This guide explores the power of eco-friendly cleaning solutions, offering effective strategies to keep your home fresh and stain-free, all while being kind to the environment.

    Written on Wednesday, 31 July 2024 10:37
  • Flyfish Review - Simplifying Payments with the Best Features of This Service Provider
    Flyfish Review - Simplifying Payments with the Best Features of This Service Provider

    To many business people especially those who wish to maintain good business relationships with their customers and business associates, the management of business finances can be discouraging. Flyfish can also offer complete corporate payroll services to help lighten this burden.

    Written on Tuesday, 23 July 2024 17:49