Imagine doing business without tracking your resources. Or tracking your accounts. Or revenue!
But why stop there?
Why assume that only those parameters are critical to the growth of your business? Imagine not keeping a pulse on employee and customer satisfaction. Or process management. Or the market and your competition.
One thing is for sure.
Modern businesses are complex.
And their complexity will only increase as we identify more factors that impact their growth.
How does a business, then, take control?
By understanding those very factors. In other words, by collecting and analyzing data.
A world-class data management and analytics firm like SG Analytics understands that data should be at the heart of your strategy, that data is your most valuable asset.
And hence, we offer data management services that provide your business with an all-encompassing framework to use that asset to its full potential.
Such a framework enables your business to collect, store, organize, and access data, across all its domains, with minimum friction and error.
That said, there is more than meets the eye. There is more depth to data management solutions than simply collecting, storing, and using data.
This is what businesses ought to get right first.
Data management: consulting and strategy
If data management dictates what data, and when, ought to be collected, stored, and used, data governance dictates how that data ought to be collected, stored, and used.
Data governance forms the scope. Data management forms the solution.
Data management consulting, therefore, is twofold.
Yes, we devise data management solutions that
- Make onboarding and transferring data easy.
- Enable business intelligence solutions like Robotic Process Automation (RPA).
- Enable product, sales, marketing, customer, and competitor analysis.
- Enable data visualization, among other things.
But here’s what we do first.
We create a strategy or blueprint tailored to how you operate.
This involves —
- Identifying the various sources of data: to ensure it is high-quality.
- Identifying data-critical parts of your business: these are parts or sectors that need access to data most quickly and readily.
- Identifying data bottlenecks: so that data can be accessed with maximum efficiency.
- Thorough quality control: so that data can be accessed with minimum error, duplication, or redundancies.
- Identifying security threats: establishing security or privacy policies like encryption to safeguard valuable data.
A strategy ensures that data is always structured. It ensures consistency. It ensures that data is error-free and never incomplete. This is the goal of scoping — part one of data management consulting.
What does that mean for you?
Since it is this very data that drives decision-making, such a strategy also ensures that decision-making is ordered, consistent, and accurate. This is the goal of solutioning — part two.
The benefits of data management solutions
Data management is not just important. Today, it is necessary.
As businesses scale, the complexity of their processes increases. Massive amounts of data move around like blood in a nervous system.
In fact, no analogy could be more appropriate. Data truly is the lifeblood of modern enterprises. While the systems themselves are extremely intertwined and co-dependent.
Unsurprisingly, data management services are one of our most popular offerings.
Here are the benefits:
- High-quality data leads to better-informed, more accurate decisions
- Seamless flow and access to data makes for more efficient, optimized processes
- Efficiency goes hand in hand with productivity, which goes hand in hand with employee happiness and satisfaction
- Scalability
- Greater accountability and security, which builds trust
The benefits of well-thought, strategic data management are many, but they all have one effect: a major competitive advantage.
