High demand, limited supply.
In this MOD Minute, CTO Morris Kagan talks gaps in the market and why QuickData was founded in 2014.
To see more videos like this, visit our YouTube page.
Archives for November 2018
Taking Advantage of Cloud Data Management
In the past, companies typically centralized data and locked it safely away in an impenetrable vault. But hoarding data doesn’t allow you to extract value from it and this can add up to financial costs and missed opportunities.
Data only has true value when it’s available to be leveraged.
The Cloud is a dream for expanding companies, it allows them to click a button and have access to virtual machines that allow users to copy data and put it away—regardless of where you are located.
It removes the need for your company to have hardware and the need for people who understand hardware.
But you do need a team to make sure your data is accessible and stays in place.
Most companies have a solid cloud data management strategy and that begins with five important considerations:
Date Storage – Data often sits in storage. It’s often behind firewalls and other layers of security, which it should be, but it’s also vital to ensure that your stored data is encrypted. Properly encrypted means anyone stealing it will end up with lines of garbled junk that they can’t decipher.
Accessing data – Your employees need to do their jobs and should be able to access data whenever and wherever they want, but access must be controlled. Create tailored access rights and controls that restrict unnecessary access.
Data in Transit – Create a secure, authenticated, and encrypted tunnel between the authenticated user and device and the data they’re requesting. Never compromise security. Make sure data remains encrypted in transit, so no interceptor can read it.
Arriving Data – When the data arrives at its destination, make certain that it is authentic and hasn’t been tampered with.
Backup and Recovery of Data Today, most companies recognize the importance of proper backup hygiene and have implemented backup and recovery processes. Be sure to actually test and validate your ability to restore the backups and recovery periodically.
These five pillars will bear the load of your company data and withstand the forces. Make sure you can quickly recover from the most common issues that come from operating in cloud environments.
How Do You Increase Your Profit: Do it with Better Data Management
Statistician Edward Demming said: “In God we trust, everyone else bring data!”
Data reveals the heartbeat of your company. It also uncovers a lot about your business—what works and what doesn’t. It can tell you if your company is healthy or slowing down. Or it can uncover problems that need to be addressed immediately.
Armed with reliable data, you make decisions that could make or break your profit line. You hold steady knowing that you are on the right course and you end up on top.
Data-driven insights yield results. Without the ability to track and analyze decisions as well as your customers’ behaviors, your business will fall behind. This is why data management and analysis is a powerful tool to reveal where your company is in the market place and where it needs to go.
Here are six areas where analytics is being used to transform the performance of companies like yours.
Better Fulfillment Analyzing data gives the highest probability of successful fulfillment. Missed shipment and frustrated customers erode top and bottom line profitability.
Improved Service Performance Having the correct data allows you to predict your ability to meet company goals, commitments, and client demands.
Improved and Effective Marketing Want the best return on your investment? Quick Data’s system shows you how to optimize your marketing investment.
Maximize Customer Value Clients, who know they’re valued, do repeat business. Understand your data and what it tells you about your clients and you’ll see your profit margin grow.
Drive Down Costs Turning the analytical focus inward helps to significantly improve staffing level forecasts so you can manage operational costs.
Better Product Management Data is used to ensure the company targets the right product at the right time, increasing sales.
Get Started with Quick Data! Our approach is to provide a thorough analysis of your business and arm you with the tools necessary to increase profitability without additional IT resources.
Tapping into the Power of Data Management
The longer a company is without vital updated information, the more cost a business incurs.
Management of the business across all departments comes to a standstill when data is not accurate or is missing because it is spread over too many systems.
Companies miss out on billions of dollars a year in revenue because the process of gathering data is unnecessarily held up. Leaders can’t move ahead because they do not have timely and accurate data.
This is why more and more companies turn to data management consulting firms to provide the insight they need to be efficient and successful, but gathering the right data is complex and confusing.
Three ways that these firms assist companies with data inefficiencies:
- Consolidation of Data Across the Enterprise: Facts, figures, numbers, and documents spread over a multitude of databases and separate systems that aren’t integrated through a data management strategy pose a huge problem. Data management consultants teach you and those within your organization how to cut down on inefficiencies while offering a solution to optimize your revenue.
Efficiency begins with a state-of-the-art automation program that is solely aimed at solving business problems related to data.
- Determining Data ROI: Today, the average U.S. business spends about 2.5 percent of their annual revenue on digital marketing alone. Factor in alternate marketing channels, and businesses are now spending an overwhelming sum of money promoting their products. The ability to understand ROI is of growing importance.
Without an efficient data management system in place, your company will miss opportunities to gain an accurate view of the customer base, performance, and other valuable insights. By simplifying data, businesses greatly improve their ROI, while reducing overhead costs.
Data management platforms provide businesses with advanced data analysis, that leads to smarter business and marketing decisions. With a better understanding of your data, you can refocus your marketing efforts, optimize your results, and generate more leads—all while spending less.
- Implementation of Data Tools: Most businesses have the tools in place to simplify data analysis, but those often come in the form of expensive software programs that need to be installed on every computer. The installation process can be tedious, and as the company grows, businesses need to continually install software for every new employee.
With a cloud-based data management platform, the software exists in the cloud and can be accessed on all devices. This eliminates the labor and cost of implementation, while making it easy to scale your software needs to accommodate your growing staff.
Data Management always begins with education. At QuickData this is the first thing we do—we educate our clients about how they can run more efficiently. We provide the tools to solve tough data management problems, while tailoring data solutions to your company’s needs so you can move your company forward efficiently.