The Power of Organised Data: Start Now!
Data is a treasure, mostly hidden, that can be a game-changer for your business. Even if you're uncertain about what you'll do with it, organising your data is a critical first step. Too many companies often find themselves sitting on a wealth of valuable information buried within various silos, a result of legacy technologies, evolving business needs, changes in management, and shifting organisational structures. Then there are the eccentricities of data storage - variations in formatting and database languages, various versions, and the use of too many Excel documents and other formats.
Some data is undeniably essential to organise (sales and payroll for example), while the importance of organising other data may be less obvious. However, as a rule, bringing all your data together into a unified place and format can open doors to a world of business opportunities.
Consider the recent emergence of artificial intelligence (AI) in business. Companies that have made the effort to organise their data can feed it into AI engines like IBM Watson and other advanced platforms.
The beauty of this approach is that you don't necessarily need to know precisely what you're looking for. Your AI engine can make the connections and glean insights from your data while you’re downing your morning coffee.
Having your data organised and accessible is like having insurance. You don’t know if or when you might need it, but you are a needless risk-taker if you don’t have it. Insurance protects you from unexpected events. Organised data gives you the insights to make better business decisions. You need both.
Companies that invest in organising their data today are the ones poised to thrive tomorrow. If your data landscape is loose and chaotic, you’ll miss too many opportunities because you won’t know where to look or what to consider. It’s time to start organising your data so you can unlock the full potential of your business.