Finding Value in All Data Types

One of the key factors in determining whether companies will thrive or fail in the next five years is how well they use the data they have available. This is a problem for many that may not even know what data they have, let alone how to use it or what insights it may contain. Business processes often involve creating or capturing data in a way that is siloed and difficult to access, analyze or act on outside of the process for which it was created. Even today, many business processes are reliant on physical record-keeping – note-taking, filling out paper forms, or ticking checkboxes on hard copy documents that are then filed away and forgotten about. Even if all a business's procedural documents and record-keeping is digital, the information is of little value unless careful thought is given to the data structure, format, and storage media that will be used.