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21Feb

The Hidden Costs of Ineffective Data Management

In today’s business landscape, data isn’t just power — it’s the very lifeline that fuels business decisions, drives innovations and shapes strategies. However, businesses often find it difficult to effectively manage the vast amounts of data they hold, and that’s where data management comes into play.

Simply put, data management is all about collecting, storing and analyzing data in the most efficient way possible to help businesses like yours make informed decisions, optimize operations and ensure cybersecurity.

In this blog, we’ll look at the consequences of improper data management and discuss how businesses like yours can effectively deal with these challenges.

 

Potential Consequences of Improper Data Management

Failure to manage your data effectively can lead to the following consequences, including missed opportunities, inefficiencies and even business-ending events.

 

Poor Decision-Making

Imagine navigating the roads using a faulty map. You’re bound to end up in the wrong place. Without accurate data, you will be charting a flawed business trajectory toward wasted resources, missed market opportunities, and ultimately, strategic missteps that hurt your business.

 

Reduced Efficiency

If your employees are working in siloed systems, drowning in a sea of duplicate data and wasting precious man-hours sorting the mess, you won’t have time for productive work. Ineffective management erodes productivity and keeps your business from growing.

 

Increased Risk

A leaky boat is bound to sink. Poor data management can sink your business by exposing you to security risks and even data breaches that could result in non-compliance with regulations, leading to legal issues and fines.

Implementing a well-thought-out cyber risk management strategy can significantly reduce overall risks and strengthen your cyber defenses. Visit us here to learn more.

Decreased Customer Trust

Mishandling of customer data is like breaking a sacred covenant. It fractures your reputation and erodes trust, leading to client disengagement and a tarnished brand image that could be difficult to rebuild.

 

Competitive Disadvantage

Think of a large, inaccessible gold mine. Now, imagine all that untapped precious metal. That’s exactly what businesses that lack data management strategies resemble. If you fail to leverage data, you are bound to lose ground to businesses that use analytics and AI to unlock groundbreaking insights and fuel future success.

 

Increased Costs

Poor data management slowly eats away at your revenue and bloats your expenses. You end up incurring expenses on storing duplicate or irrelevant data that do not contribute to your business growth.

Data security incidents can also bring business to a grinding halt, costing a business thousands. Do you know what the cost of downtime is for your business? Visit our Recovery Time Calculator if not.

 

How We Can Help with Data Management

The good news is that you can partner with trusted guides who are equipped with the expertise and resources to transform your hidden data liabilities into revenue-churning assets.

Here’s how an IT service provider can put you on the road to success:

 

1. Never Worry About Data Loss

Adopting a comprehensive backup and business continuity and disaster recovery (BCDR) strategy is a necessary addition to every data management plan.

Databranch offers our BCDR solution from Datto, the leader in Total Data Protection. Not only will the Datto backup all your data to the device itself, but it will also backup everything to 2 separate offsite cloud storage locations.

So, in the event that the local device is destroyed, you can still access your information even from a remote location. 

With Datto you will receive daily backup verifications and screen shots of your virtual servers give you peace of mind and ensure that your backup data is working and accessible to you when you need it.

 

2. Get Advanced Protection

Databranch is here to keep your business safe from cyberthreats that are lurking in the dark. We allow you to focus on your business by knowing that your assets are being protected with advanced security measures that can repel sophisticated attacks.

Our managed client platform provides a comprehensive suite of security tools that safeguard your network and bolster your cyber defenses. Reach out to our team today to learn more.

 

3. You Have Access to Top IT Experts

Imagine having a team of IT experts working for you without breaking the bank. Data problems can bring your business to a halt, but with the help of Databranch, you can easily manage or resolve any data-related issues anytime, anywhere.

 

4. Always Stay Compliant

Data compliance regulations related to privacy and security are always evolving. It can be tough to keep up with rules and regulations while managing the day-to-day activities of your business. However, Databranch provide some guidance which will help you stay ahead of the curve and ensure you meet the stipulated regulations.

 

5. Tailored Strategies that Lead to Success

Tailor made data management strategies will help meet your business goals and allow you to transform your data into a strategic asset. 

 

Secure Your Future

Your data is your gold mine with precious untapped potential. However, navigating the tricky data management terrain on your own can be challenging — and that’s where Databranch comes in. Consider partnering with us so we can help you unlock the power of data for your business. 

Reach out to Databranch today at 716-373-4467 option 6, or [email protected] to schedule a meeting with one of our experienced team members.

You can also download our eBook today to start the process of turning your data into a powerful engine for success.

Defeating the Data Deluge eBook

Explore the intricacies of data management, understand how businesses like yours can overcome data-related challenges and turn the data deluge into a stream of growth opportunities.

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