{"id":822,"date":"2019-08-07T20:13:00","date_gmt":"2019-08-08T00:13:00","guid":{"rendered":"https:\/\/treehousetechgroup.com\/?p=822"},"modified":"2021-05-20T10:15:51","modified_gmt":"2021-05-20T14:15:51","slug":"knowing-the-importance-of-enterprise-data-management-for-small-businesses","status":"publish","type":"post","link":"https:\/\/treehousetechgroup.com\/knowing-the-importance-of-enterprise-data-management-for-small-businesses\/","title":{"rendered":"Knowing the Importance of Enterprise Data Management for Small Businesses"},"content":{"rendered":"\n<p>Treehouse Technology Group (TTG) accepts articles from contributing authors on topics that we support. TTG believes strongly that small businesses will begin to benefit greatly from enterprise data management systems, which were previously only available to large companies. As such, small business that don&#8217;t compete on a data level will soon be beat out by the competition. Those business who employ a data strategy are leaner, innovate more often and grow faster than their competitors.  <\/p>\n\n\n\n<p><strong>Knowing the Importance of Data Management in Business<\/strong> by contributing Author Christopher Roberts. <\/p>\n\n\n\n<p>Data management is defined as: &#8220;the practice of organizing and\nmaintaining data processes to meet ongoing information lifecycle needs.&#8221;\nLately, the emphasis on data\nmanagement ushered in a new era of electronic data processing, even\nthough data management techniques and methods have been present in many\nindustries such as logistical planning, statistics, and accounting for many\nyears. All of these industries have grown with the emergence of enterprise\ncomputing. It is now essential to understand and know the <strong>importance of data management in business<\/strong>. <\/p>\n\n\n\n<p>The Big Data market is continuously growing, and according to the latest statistics, market\nrevenues for services and software will greatly increase in the next ten years.\n<\/p>\n\n\n\n<p>In the period from 2017 to 2027, the Big Data market revenue for\nservices and software is expected to increase from $42B to $103B, which is\nperhaps one of the biggest reasons for all the upcoming Big Data business\ninitiatives. <\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Why-is-data-management-important.png\" alt=\"\" class=\"wp-image-823\" width=\"731\" height=\"564\" srcset=\"https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Why-is-data-management-important.png 974w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Why-is-data-management-important-150x116.png 150w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Why-is-data-management-important-300x232.png 300w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Why-is-data-management-important-768x593.png 768w\" sizes=\"(max-width: 731px) 100vw, 731px\" \/><\/figure>\n\n\n\n<p><strong>What Does Big\nData do for Businesses?<br>\n<\/strong><br>\nAll the above-listed statistics show that Big Data:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Decrease expenses through operational\ncost efficiencies.<\/li><li>Helps develop a data-driven culture.<\/li><li>Provides new space for disruption and\ninnovation.<\/li><li>Creates new capabilities and services.<\/li><li>Accelerates the deployment of new\nservices.<\/li><li>Launches new products and services.<\/li><li>Increases revenues.<\/li><li>Provides new source of revenues.<\/li><li>Transforms business according to the\nfuture model of operations.<\/li><\/ul>\n\n\n\n<p><strong>Growth of the\nTotal Data Market<\/strong><\/p>\n\n\n\n<p>All these statistics point\nto the fact that the Total Data Market will double in size. This market has\nshown considerable increase from $60B in 2014 to $115B in 2019.<\/p>\n\n\n\n<p>The Total Data Market is now divided into nine Total Data segments:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Operational databases<\/li><li>Analytic databases<\/li><li>Reporting and analytics<\/li><li>Data management<\/li><li>Performance management<\/li><li>Event\/stream processing<\/li><li>Distributed data grid\/cache<\/li><li>Search<\/li><li>Hadoop<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Effective Data Management is the Key to Success for any Busines<\/strong>s<\/h2>\n\n\n\n<p>There&#8217;s no denying that we&#8217;re living in the digital age and data is\nsimply everything. It&#8217;s an essential asset for any business, as it represents\nthe very foundation of information on which business owners base their\ndecisions. <\/p>\n\n\n\n<p>For it to be efficient and effective, it must be consistent, organized,\ncomplete, and most importantly, accurate. With the right data, any organization\ncan develop and grow. All it needs is an effective data management system, as\nthat&#8217;s the key to success for any business. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2464\" height=\"1217\" src=\"https:\/\/i2.wp.com\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/effective-data-management.jpg?fit=640%2C316&amp;ssl=1\" alt=\"\" class=\"wp-image-825\" srcset=\"https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/effective-data-management.jpg 2464w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/effective-data-management-150x74.jpg 150w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/effective-data-management-300x148.jpg 300w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/effective-data-management-768x379.jpg 768w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/effective-data-management-1024x506.jpg 1024w\" sizes=\"(max-width: 2464px) 100vw, 2464px\" \/><\/figure>\n\n\n\n<p>The importance of data management in business is evident from the fact\nthat it can reap the following\nbenefits:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Increased Productivity <\/h3>\n\n\n\n<p>Ease of access to data\nmatters greatly. The bigger the organization, the more important it is. If you\ncan access essential data with ease, your entire business becomes more\nproductive and organized. <\/p>\n\n\n\n<p>An enterprise management\nsystem allows employees to access any piece of information with ease, which\nsignificantly reduces the time they need to invest tin looking for that\ninformation. This is directly related to increased efficiency. <\/p>\n\n\n\n<p>Aside from all this,\nease of access also increases the ability of employees to understand and share\ninformation between them, which greatly reduces human error in return.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Smooth Workflow <\/h3>\n\n\n\n<p>Each business needs a\nseamlessly functioning system of operations to grow and invest in a data\nmanagement system that brings your organization one step closer to that goal.\nSuch a system is what makes a difference in modern\nmarkets and helps your business stay competitive, thereby ensuring success. <\/p>\n\n\n\n<p>On the other hand,\nmodern consumers don&#8217;t like to wait. If your business takes too long to respond\nto consumers needs, they&#8217;ll take their money somewhere else. <\/p>\n\n\n\n<p>Therefore, investing in\nan effective data management system makes sure you keep your consumers\nsatisfied, which ensures that you stay competitive.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Minimal Security Risk <\/h3>\n\n\n\n<p>There are\nloads of personal and business information available to anyone who knows how to\naccess it. Internet users and organizations keep their entire lives and\nbusinesses online. <\/p>\n\n\n\n<p>That only increases the\nneed to protect all that data from prying eyes, which calls for maximum\nsecurity. If you don&#8217;t keep your data safe, it can get stolen, fall into the\nwrong hands, and so on. <\/p>\n\n\n\n<p>A good data management\nsystem protects your important data and keeps security risks at a minimum.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Affordability <\/h3>\n\n\n\n<p>An effective\ndata management system is cost-efficient, as you will have fewer problems with\ndata management, which saves you time and resources while preventing\ninformation duplication.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Minimal Data Loss <\/h3>\n\n\n\n<p>Losing\nvital business information is a terrible event for any company. However, a good\ndata management system can prevent that from happening, as it ensures that you always\nhave a proper backup of your data in a timely fashion.<\/p>\n\n\n\n<p>In case of an\nemergency, your data management system allows you to retrieve your vital\ninformation with ease.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Improved Process of Decision-Making\n<\/h3>\n\n\n\n<p>The data\nmanagement system keeps your entire organization up and running, ensuring that everything is\nin place. When every segment of your enterprise is fully operational, your\nprocess of decision-making suddenly improves and\nthat gives a higher quality to the decisions you make. <\/p>\n\n\n\n<p>Since decision-making\nplays a crucial role in your success, the improved process of decision-making helps your business evolve.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2121\" height=\"1414\" src=\"https:\/\/i0.wp.com\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Decision-making.jpg?fit=640%2C427&amp;ssl=1\" alt=\"\" class=\"wp-image-826\" srcset=\"https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Decision-making.jpg 2121w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Decision-making-150x100.jpg 150w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Decision-making-300x200.jpg 300w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Decision-making-768x512.jpg 768w, https:\/\/treehousetechgroup.com\/wp-content\/uploads\/2019\/08\/Decision-making-1024x683.jpg 1024w\" sizes=\"(max-width: 2121px) 100vw, 2121px\" \/><figcaption>decision making, choice or doubt concept, businessman thinking and choosing direction,  business strategy<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Importance of Partnering with a Professional\nData Entry Company<\/strong><\/h2>\n\n\n\n<p><br>\nOutsourcing product data entry brings numerous\nbenefits for businesses that want to cooperate with skilled and qualified\nprofessionals in the field. It gives businesses the following advantages:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Freedom to focus on core competencies<\/strong> \u2013 when cooperating with a skilled outsource data entry\nprovider, your business can shift its focus on\ncore competencies while effectively\nmaintaining your data entry project.<\/li><li><strong>Cost-efficiency<\/strong> \u2013 the biggest benefit any business gets from outsourcing is\nreduced cost of operations.<\/li><li><strong>Greater\naccuracy<\/strong> \u2013 when it comes to data entry, accuracy is\nvital. Outsourcing provides the highest data accuracy possible, thereby reducing\nthe risks of a breakdown in the system.<\/li><li><strong>Greater\nflexibility<\/strong> \u2013 in the ever-evolving modern markets, a\nbusiness needs to be flexible and agile, and working with an outsourcing data\nentry provider will ensure your business\nremains relevant in many ways.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Choose a Professional Business Data Processing Service Company <\/strong><\/h2>\n\n\n\n<p>If you&#8217;re ready to combine forces with a professional data entry company\nand take your enterprise to a whole new level, you must utilize the expertise\nof a good business data processing\nservices company like Data Entry\nOutsourced (<a href=\"https:\/\/www.linkedin.com\/company\/data-entry-outsourced\/\">DEO<\/a>). <\/p>\n\n\n\n<p>With several years of experience, DEO provides the highest quality data\nentry services at the most affordable prices. <\/p>\n\n\n\n<p>Some of the specialties that companies like these provide include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Data entry<\/li><li>Data mining<\/li><li>Data processing<\/li><li>Data conversion<\/li><li>E-publication<\/li><li>E-commerce<\/li><li>Data updating<\/li><li>Catalog management<\/li><li>Data extraction<\/li><li>Data cleansing<\/li><\/ul>\n\n\n\n<p>The importance of data management in business is undeniable. With the\nright <a href=\"https:\/\/www.dataentryoutsourced.com\/\"><strong>data entry solutions,<\/strong><\/a> your chances of\ngetting ahead of the curve and beating your competitors improve immensely. Take\nyour business to a whole new level with the right data management system and\nmake the most of your operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treehouse Technology Group (TTG) accepts articles from contributing authors on topics that we support. TTG believes strongly that small businesses will begin to benefit greatly from enterprise data management systems, which were previously only available to large companies. As such, small business that don&#8217;t compete on a data level will soon be beat out by&hellip;<\/p>\n","protected":false},"author":2,"featured_media":824,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[151,32,152],"tags":[55,33,146],"class_list":["post-822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-management","category-data-strategy","category-use-cases","tag-data-analytics","tag-data-strategy","tag-enterprise-data-management"],"acf":[],"yoast_head":"\n<title>Knowing the Importance of Enterprise Data Management for Small Businesses - Treehouse Tech Group<\/title>\n<meta name=\"description\" content=\"Recently, All industries have shown explosive growth with the emergence of enterprise data management. 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