Written by Daniela McVicker on 3 April 2020
Whether you operate as a local small-scale startup or an international company, managing your data efficiently is of utmost importance. While manual data storage and management might be an easy short-time solution, this approach won’t help facilitate future business growth.
That’s why more and more companies are investing in business data management and analytics. For example, according to data from Statista, the global business data and analytics market was valued at $168.9 million and is projected to grow to $274.3 billion by 2022.
The global big data and business analytics market size. Source: Statista
As such, it’s pivotal that you settle for a set of reliable data management tools that are specifically designed for business-related purposes. With that said, let’s dive into several efficient tools that will effectively manage your data for you and streamline your workflow as a result.
Successful businesses always relied on data for helping with decision making, structuring their work, and improving customer service. In fact, using cloud-based data management tools is increasingly regarded as mandatory for surviving and thriving as a business. Well, data is not the best tool to advance a business, it’s about as close as it gets to one.
Let’s consider a couple of simple examples.
Every company, no matter how big or small, generates data if they have a website or a social media page; this includes visitorship data, user experience data, content interaction data, web traffic data and much more. All of this has the potential to teach a company how to become more customer-centered and organized.
In addition to this data, a typical business also has a vast pool of data in the form of presentations, images, videos, PDFs, textual documents, audio files, spreadsheets, and other documents (often called “unstructured data”). Failing to organize them with an effective document management system will make a workday for employees a mess, which affects the overall performance of the business as well as its ability to adapt to ever-changing market requirements.
That’s why data management is tremendously important.
Patrick Rowe, a business analyst at TopWritersReview, defines data management as “a process of collecting, validating, storing, processing, and protecting business data in a way that meets the needs of both internal users and external trusted stakeholders.”
Achieving all these goals is not easy. Since most data generated by businesses is unstructured, i.e. is not easily searchable and more difficult to analyze, companies need to have digital tools and systems to conduct effective data management.
Thankfully, a number of easy-to-learn and effective data management tools designed specifically for businesses are available. Start your selection process by deciding on what you’re trying to achieve with these tools (more effective file management, better security of your data, etc.).
The following 5 tools are essential when it comes to business data management.
The first item on our list is an excellent open-source document management system designed to help businesses with managing and processing unstructured data by providing an easy-to-use interface. An organization using OpenKM can have a single place to store, view, and process data collected from various sources.
Here are more functions that businesses can benefit from:
The app has great reviews from various sized businesses on independent review sites, too.
This online-based solution was designed to help businesses migrate and to manage data in the cloud. According to Google, 75 percent of all databases will be migrated to cloud to store and manage enterprise data, which marks the start of a new era where more businesses take advantage of business analytics.
Here’s the rundown of data management-related features of Google Cloud:
Cloud services simply common data analytics workflow tasks
The rich functionality won Google Cloud the title of Company of the Year from Dive Awards.
The main benefit of this tool for businesses is the synchronization of organizational documents to computers so employees could manage data more effectively, even when offline. CmisSync works similarly to DropBox - which we also have in this list - and was designed specifically for the use by businesses and enterprises.
Here’s what makes this tool a good option for business data management:
Dropbox for Businesses is a well-known data storage and management tool created for organizations to access and collaborate on file management.
Here’s the complete list of what it has to offer:
The last tool on our list is a data analytics software designed to allow businesses to explore cloud-based data exploration and analytics. The thing about Chartio is that it could be used by a wide range of organizational users: data analysts, executives, marketing, sales, and product teams. For example, marketing teams can use the analytics to process data from their apps and get access to insight into marketing performance.
Here’s a complete list of features of Chartio for businesses:
Data helps to make better decisions, period. Every business generates a lot of it, but not everyone still has the ability to organize, manage, and process it in a way that creates value. The tools on this list can help with doing exactly that and obtain that competitive edge needed to thrive in an ever-increasing competitive landscape.
Author’s bio: Daniela McVicker is a contributor to RatedbyStudents. She is passionate about technology and is always excited to share the latest information available on the market. Daniela is fascinated by technology evolution and is constantly keeping an eye on corporations to check so that she can be the first to spread the news when a new product is launched.
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