Topics In Demand
Notification
New

No notification found.

Unified or Siloed? What’s the best way to manage your data?
Unified or Siloed? What’s the best way to manage your data?

253

0

Six Reasons Why Unified Data Management is the Optimal Solution

1. Increased Efficiency and Productivity

With a centralized platform, employees can work with data seamlessly, without having to navigate multiple applications or systems. This can help them focus on more critical tasks, leading to better productivity. The system also ensures data consistency, accuracy, and timeliness across departments, minimizing the risk of errors and misunderstandings. It facilitates better communication and collaboration between teams, enabling them to work together effectively towards common objectives. This can lead to quicker decision-making, better allocation of resources, and increased overall productivity. In addition, the system provides automation features like data cleansing and validation, which can improve data quality and save time. By implementing a unified data management software, businesses can unlock their true potential and keep up with changing market & consumer needs.

2. Better Decision-Making

Imagine having a crystal ball that provides you with all the data you need to make informed business decisions. That’s what a unified data management software can offer an organization. By consolidating data from various sources and presenting it in real-time, decision-makers can access accurate and comprehensive data. The software provides tools for visualizing and analyzing the data, enabling decision-makers to spot trends, identify risks and opportunities, and gain insights into the organization’s performance. With this information, they can create effective strategies and make informed decisions based on facts rather than assumptions. Additionally, predictive analytics capabilities provide a competitive advantage, allowing organizations to forecast trends, predict customer behavior, and mitigate emerging risks. The ability to make quick and confident decisions based on accurate data gives organizations a significant advantage over competitors.

3. Improved Security and Compliance

By consolidating all data into a secure and centralized repository with restricted user access, a unified data management software significantly reduces the risk of data breaches, unauthorized access, and data loss. With a single point of control, organizations can monitor and track data access, changes, and activities, identifying and preventing potential security breaches or compliance violations. Automation of compliance reporting makes it easier for organizations to demonstrate compliance with regulatory requirements, such as GDPR or HIPAA. The system generates audit trails, access logs, and other compliance-related reports, reducing the administrative burden associated with compliance. Furthermore, the system supports data retention policies, ensuring that data is retained for the required duration and disposed of securely when no longer needed. With a unified data management system, organizations can rest assured that their data is secure and in compliance with regulations, minimizing risk and promoting trust with customers and stakeholders.

4. Lower Total Cost of Ownership (TCO)

A unified data management software can be a game-changer for organizations seeking to reduce their total cost of ownership (TCO). This can be achieved in several ways. Firstly, a unified system eliminates the need for multiple software licenses and minimizes the costs associated with maintaining and upgrading disparate systems, resulting in significant savings in software licensing, maintenance, and support costs. Secondly, consolidating data into a single, centralized platform can help reduce data redundancy and inconsistencies, which in turn reduces storage costs and simplifies data management tasks, leading to reduced administrative overhead. Thirdly, it can automate labor-intensive and time-consuming data integration and transformation processes, reducing the need for manual intervention and resulting in faster turnaround times and increased productivity. Lastly, a unified system can improve data quality, which can help organizations identify and remediate data quality issues and reduce the risk of costly errors and rework, leading to cost savings and increased operational efficiency.

5. Improved Scalability

As companies expand, the volume of data they generate also grows exponentially, necessitating an effective data management solution. A unified data management software offers a scalable solution that can handle vast amounts of data without compromising on performance or efficiency. Organizations can easily incorporate new data sources, users, and applications without the need for significant reconfiguration or additional infrastructure. Additionally, it provides advanced features like data partitioning, data replication, and data archiving, enhancing performance, boosting data security, and reducing expenses. By delivering a scalable and adaptable solution, a unified data management software can help organizations achieve their objectives, adapt to ever-changing business needs, and maintain a competitive edge in today’s dynamic marketplace.

6. Enhanced Collaboration and Data Sharing

Unified data management software revolutionizes collaboration and data sharing among teams by creating a centralized platform where all stakeholders can easily access and share data in real-time. With all the data stored in one location, team members can seamlessly collaborate, share insights, and make informed decisions. This eliminates the need for teams to search for information across multiple systems, reducing the risk of data errors and inconsistencies, resulting in better data quality. Additionally, the platform can be customized to provide different levels of access, ensuring that sensitive data is only available to authorized personnel, enhancing data security. Collaboration tools such as comments, annotations, and task assignments can be added to the platform to facilitate team collaboration and streamline communication, leading to increased productivity. The result is a highly efficient, productive, and collaborative work environment that empowers businesses to make the most of their data and achieve their goals more effectively.

Point solutions are designed to tackle specific data management problems and provide targeted solutions, which can be quite useful. However, when compared to unified unstructured data management platforms, they do have some limitations.

Click here to know Why Point Solutions Fall Short of Expectations.


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


© Copyright nasscom. All Rights Reserved.