Data needs to be thoughtfully managed because it controls the entire life of

Data needs to be thoughtfully managed because it

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organization which helps in achieving the goals of any organization. Data needs to be thoughtfully managed because it controls the entire life of any business or organization. An organization cannot be effective without high quality data. Today's organizations rely on their data assets to make more informed and more effective decisions. Company and organization leaders are leveraging their data assets by creating competitive advantages through greater knowledge of their products, customers, innovative uses of information and operational efficiencies. Businesses now uses data to provide better products and services, reduced costs and control risks. Government agencies, educational institutions, and nonprofit organizations also uses high quality data to guide their operational, tactical, and strategic activities. As organization needs and increase depend on data, the business value of data assets can be more clearly established. Data usage involves the process of developing data architectures and procedures dealing with data and then executing these aspects on a regular basis. The amount of data available in the world is growing at an astounding rate. Researchers at the University of California at Berkeley estimate that "the world produces between 1 and 2 billion bytes of data annually". Data represent facts as text, numbers, graphics, images and sound. Data is the
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Running Header: The Sources and Usages of Data within an Organization 3 foundation of information, knowledge and action which are relevant, complete, accurate, consistent, timely and understood. Organizations that recognize the value of data can take concrete and proactive steps to increase the quality of productivity. Data has value only when it is actually used, stored and implement perfectly to accomplish the specification and enablement of any organization project. It control, protect, deliver and enhance companies programs and procedures for performance effectiveness. Data usage promotes organizations database design, implementation and production. However, many organizations collect different types of data, but use their data the same way in order to create reports and analyze their data to make quality business decisions. REFERENCES: Margaret, R. (2014). Importance of Data Management. Retrieved from
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  • Summer '19
  • Management, Non-profit organization, Usages of Data

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