Mainly, large scale organisations consider data as a corporate asset because it has direct involvement to the growth of business. Although data is useful to the business there are several key challenges that need to be addressed.
Large scale organisations always deal with a vast quantity of data hence it can be extremely difficult to manage data. They collect and store huge amount of data regarding the vendors, customers, employees, inventory, markets and competitors. Generally, this helps to make better decisions in the ever increasing reliance of businesses. It is important to protecting data against all causes of loss or damage.
Data is Vital to any organisation and large
scale organisations have several databases to store different kinds of data.
Because of the rapid growth of data in the organisation raises the data
accuracy and protection. When there is data duplicates, incomplete or
inaccurate data it directly impact to the customer satisfaction loyalty. Data has quantifiable value that is important
to achieve business objectives while considering the business strategies of the
organisation. However data needs to be accurate and up to date, accessible and
secure, usable and well-governed when managing the data.
Data and information are vital resource
in an organisation and it should be properly manage and secured. They provide
more attention on databases since corporate organisational data and information
have become the lifeblood of large scale organisations and frequently
generating large volumes of data.
However Customer data are just as
valuable as money. Loss of data can break a business and it will effect to the
business objective. It is important to give more attentions on the area of data
protection in an effective and efficient way.
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