In the modern day, data is more important than ever. Businesses and companies are using and collecting a wide range of data and storing thousands of records in databases. This data is used to help make business decisions, discover customer wants and needs and so much more. This use of data is only going to continue as statistics show that the volume of data and information being created is growing rapidly.
In fact, in 2010 there was only 2 zetabytes of data created, and by 2025, experts believe that number will climb to 163. That is a lot of data that organizations are going to continue to utilize. It is expanding exponentially and shows no signs of slowing down. With so much data out there in the world, managing this data has become increasingly important.
While there are many traditional methods to managing data, many companies and businesses are taking a more progressive approach. This “progressive” data management focuses on looking forward and utilizing new techniques and ideas.
Progressive data management is all about helping businesses generate more value from the data that they manage and keep. Being progressive involves generating new ideas on how to use the data that you collect from customers to create additional growth at your organization.
As you could imagine, there are many different reasons why companies might take a progressive approach to data management. One big reason is to improve the speed of the implementation process. Using the data you collect and implementing it into your operations can often be a long process. However, by being progressive with data management, it can be used more effectively in a shorter period of time with less work involved.
Another reason progressive data management is helpful for business is that it can help you focus on end goals. If data management is progressive and simple, it reduces the amount of time you have to spend on complex data integration, quality checks and more. This allows you to use the data for your benefit as opposed to spending a lot of time managing or organizing it ahead of time.
In addition to changes in processes and ways of thinking, there are tools that can contribute to a great progressive data management plan. These include email parsers (such as the one offered by Parserr) and other tools that can effectively collect or generate data easier and more quickly. Innovations such as automation and artificial intelligence can also help data management tactics to become more progressive. Automation/AI can allow for data to be managed and collected with a minimal manual effort, which obviously saves a lot of time, effort and money.
Of course, in addition to managing data in a progressive manner, you need to protect it. Data breaches and other cyber crime are on the rise and have shown no signs of slowing down. This makes it more important than ever to maintain good data security practices. A data breach not only costs your company millions of dollars, but can also hurt your reputation and lead to a loss in customers.
We hope that this article has been instrumental in helping you understand the ins and outs of progressive data management. Managing data more effectively and in a progressive manner can not only help your business succeed in a variety of ways, but also pass on the benefits to your customers as well. As progressive data management becomes more commonplace, don’t be shocked to see new innovations and expansions in the space.
