• Home
  • Meet Sylvia
    • Sylvia In The Media
    • Empower Yourself
  • Work with Sylvia
    • How To Launch A Small Business
    • Business Growth Strategies
    • Group Coaching
    • VIP Day
    • Loan Packaging
    • Website Design
  • Speaking
  • Write For Us
    • Author Interview Submission
    • Webinar Facilitators Submission
    • Business Woman Interview Submission
    • Submit Your Story
    • Welcome Contributor
  • Podcast
  • Store
    • Advertisement
  • Resources
  • Contact Us

Sylvia Browder's

Blog for Women Entrepreneurs

  • Community News
    • Events
    • Teleclasses
    • Relationship
    • Telling Her Story
    • Featured
  • Beauty
    • Hair care
    • Make up
    • Skin care
  • Financial Wealth
    • Wealth management
  • Health & Wellness
    • Fitness
    • Life Balance
    • Nutrition
    • Health News for Women
  • Spirituality
  • Entrepreneurship
    • Branding
    • business bartering
    • Business Growth
    • business leaders
    • Business planning
    • Business strategies
    • Buying or selling business
    • Business taxes
    • Certification
    • Customer service
    • Economic downturn
    • Human resources
    • Leadership
    • Legal
    • Life Balance
    • Management
    • Marketing strategy
    • Marketing & PR
    • Networking
    • SBA
    • Small business
    • Small business coach
    • Small Business Loan
    • Social Media
    • Startup
    • Strategic plan
    • Technology
    • Web 2.0
  • Business Women Interviews
    • 10 Most Intriguing Women
  • Women Authors
  • Reviews
    • Book Reviews
    • Product Reviews

How to Ensure You Get the Most out of Your Business Data

July 22, 2016 By Emma Leave a Comment

Share This:

business data 740x400

In the IT departments of small and large companies, there is a lot of discussion about how to handle and form new setups from business data. Business data can range from information many would call outdated to cutting edge. Here are four ways to help ensure business data is being used productively.

Properly Structure Data in All of Its Forms

A major problem businesses have is that they basically gather unstructured data, and they do not do anything with it afterwards. Unstructured data can be identified as paper documents, digital documents, mobile device snippets of text and raw resources. There is only one real way to ensure this type of data is put to use. Investing in software like Metadata helps properly trained employees correctly format it all efficiently.

Build New Processes out of the Data Warehouse

This is fairly easy to manage. Many businesses have their big data in central locations, and if they have the right people qualified to access it, then they have the ability to maximize the data by building new processes out of it. A good example of this would be the use of precise data from one of these repositories to make new models of all the varieties of customer accounts in different departments and cross-referencing all of them to reveal new opportunities and discoveries.

Carve out Intelligent Business Systems

This is not a grand scale use of total data, which will cause a dramatic evolution for a company immediately, but over time it will help become an important cog in the wheel of the business’s data handling. This requires specific data for whatever motivation is present at the time to be chosen carefully. The data is crunched like any average business would, but it is injected in larger and more frequent layers into standard techniques of reporting.

Hire Personnel Capable of Identifying and Handling Data Lakes

[tweetthis display_mode=”box”]#DataLake is a new IT buzzword. It’s a bunch of stagnant data doing nothing. @emmasturgis2[/tweetthis]

The term data lake is becoming a new IT buzzword. A data lake is a just a bunch of stagnant data doing nothing. This leaves businesses pondering how to ensure the data is stored properly, so it can be put to good use. Qualified employees with an education such as an online master’s in computer science are constructing data centers and tech designed to distribute the lakes into sections able to take action again.

The most interesting data element has to be the philosophical aspect. The philosophical aspect asks the question of how to use all the excess data to make a business more productive and efficient. It all boils down to creative ways to improve the business model.

Related Posts Plugin for WordPress, Blogger...

Filed Under: Entrepreneurship, Featured, Strategic plan, Technology Tagged With: big data, Business, data, data lakes, master's in computer science, technology

About Emma

Emma Sturgis is a freelance writer living in Boston. She writes on a variety of things, most often real estate and education. When not writing, she enjoys reading, rock climbing, and film noir. Twitter: @emmasturgis2

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Facebook
  • Instagram
  • Linkedin
  • Pinterest
  • StumbleUpon
  • Twitter
  • YouTube
Sylvia Browder PhotoSylvia Browder
When I stand before God at the end of my life, I would hope that I would not have a single bit of talent left, and could say, ‘I used everything you gave me... Read More about Sylvia →

Sign up to receive our FREE Financing Your Small Business Toolkit

FEATURED SITES

advertise on Sylvia Browder's website

NEW COURSES

Ad
Ad

Entprepreneurship

What Should Your Ecommerce Store Sell?

What Should Your Ecommerce Store Sell?

Explore More

 

How To Become a Successful Female Entrepreneur

How to Make Giving Customer Feedback Easy for Your Customer

How to Pick the Right Kind of Business for You

Latest Articles

  • What Should Your Ecommerce Store Sell?
  • How To Become a Successful Female Entrepreneur
  • How to Make Giving Customer Feedback Easy for Your Customer
  • How to Pick the Right Kind of Business for You
  • Entrepreneurial Energies: 4 Steps to Becoming a Successful Business Owner

JOIN COMMUNITY


Visit National Association of Women on the Rise

© Copyright 2013 Sylvia Browder's Blog for Women Entrepreneurs · All Rights Reserved · Site Designed by Browder Consulting Group LLC Admin Login