Nowadays, data is one of the most valuable assets companies can have, regardless of their size and industry. Therefore, adopting useful and effective data management practices has become one of the most important priorities for modern organizations. We can greatly benefit from data if we know how to take advantage of it and implement strategies that will guarantee positive results. However, business data can become a big risk if we don’t manage it appropriately. 

An essential aspect of data management for small businesses is comprehensive data governance. Also known as DG, data governance refers to the overall management of all the data that a business uses, including its availability, integrity, and security. This is an integral part of data management, as it will allow us to protect and take advantage of all the data we collect, store, and analyze.  

Adopting cloud solutions is an excellent way to ensure our data remains accessible, protected, and recoverable in case of an unfortunate event. When we decide to migrate our business’s data to the cloud, this decision will offer flexibility, scalability, and visibility. Planning cloud-based solutions can help us develop more efficient and effective data management strategies, which in turn will greatly benefit our company.  

Cybersecurity has become one of the most important aspects of any modern-day business, and for the vast majority of small business, cybersecurity is the number 1 priority. Regardless of the industry we’re in, we need to ensure our company’s channels and websites are protected from security breaches or attacks. Companies that are victims of cyber-attacks are hit with significant loses, from revenue, brand value, customer trust, and legal fees.  

Keeping our company’s data safe from external threats is a key element of data management. However, we need to make sure that our employees are trained and prepared to act in case of an attack. Teaching cyber security safe practices to our employees will reduce the risk of an inside threat, allowing them to understand the possible consequences of any blunders. Also, providing employees with limited access to sensitive data will help us reduce the risk of a security breach too. 

Data management is a great opportunity for businesses from any field and of any size, and if managed properly, data can become one of the most valuable assets our company can have. Thus, it is important to ensure we are planning and implementing these strategies, as they will help us achieve better results in the long run.