As a business owner, there are bound to be many things that have shot to the top of your list of priorities as a result of the coronavirus and Covid-19 pandemic. One of these would be giving your data attention.
Due to strict social isolation and social distancing guidelines, many of us have started operating our businesses on a remote basis, but this has meant learning a lot about data, data storage, and data management. When it comes down to it, storing data in the office tends to be safer, so you’ll probably have to make some changes to store your data better than ever while you and your staff are working from home.
Storing data properly can prevent cyber attacks, data breaches, and consequent negative impacts on your business’ security, integrity, growth, and success. Here’s a quick run-through of everything you need to know when it comes to giving your data the attention that it deserves!
What is Data?
Data may well seem complex at first, but here’s a simple explanation of what it actually is. Data is any piece of information that your business generates or takes. Common forms of data include figures, numbers, measurements, or even simple observations.
Storing and Giving Your Data Attention
Data has strict data protection laws surrounding it, so it’s absolutely essential that you store it properly. You need to make sure that sensitive data – whether it belongs to you, your staff, your customers, or anyone else – isn’t accessible to unauthorized users. In the wrong hands, data could be used for identity fraud, theft, and other issues.
Most businesses hold data like people’s full name, email address, postal address, card details, and other personal information. Cybercriminals will seek to steal this for their own gain.
It’s generally recommended that you store your data digitally nowadays – it’s more secure and can be better organized than paper-based data storage. You can find out more about digital cloud computing at https://www.quicktech.ca/!
Only Storing Necessary Data
All too many businesses store all sorts of data that they’ll never need and will never look at again. It’s a good idea to only store the data you absolutely need. Otherwise, you’re putting effort into securely storing data that is useless or unnecessary.
You may want to save interaction data with shows how customers interact with your brand and can be used to boost your marketing and sales tactics. You may also want to store sales data too. This will give you insight into how successful your business is being and how sales are fluctuating over time.
It can give you a good insight into consumer demand and can help you to better plan your marketing. Any data that can be used to guide business decisions is worth storing. Anything that is never consulted should be safely disposed of.
Data is integral to any business’ success. So, take it seriously. Make sure to store your data properly and to use the data that you do store to your advantage. The introduction above on giving your data the attention it deserves should help, but always be willing to keep up with changes and updates.
Running a small business is no easy feat, but with the added benefits of being your own boss, working towards achieving your own goals, and potentially earning a lot of money once you are up and running, more and more people are thinking about setting up a startup.
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Mike Gaudreau is the owner of The Wealthy Boomers, a site devoted to helping seniors make money online. Mike resides in Montreal Canada.