Why is data management crucial for operating a successful business – Michael Osland

Companies can no longer succeed without investing in data management. A study by Dunn & Bradstreet found that companies which used data analytics were 60% more profitable than those that ignored it. These companies also grew 25% faster and had twice the survival rate during tough times. When businesses don’t manage their data, they cannot compete with competitors who manage their data effectively. Data management is crucial to running a successful business today. An article published on companyreportcard.com stated, “Data has increasingly become the lifeblood of every organization, big or small…Yet many companies are plagued by bad data.” This ...Read more

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