However, for all of these efforts, 88% of what is being collected is never analyzed. One of the reasons for this is that for all the time and resources that companies spend on data storage, they often miss a key question: can everyone access the data they need once it’s in storage?
The Source of Data Silos
Data comes in various formats, from numerous sources, and to different destinations. Companies today utilize a wide variety of services – both internal and third-party – to manage these different types of data. In fact, the average small business uses 14.3 different systems, none of which interact, to manage their data.
The Pitfalls of Data Silos
The resulting data silos make it challenging to use this information in any actionable way or to see it holistically across an organization. The fact that data cannot freely move to where it’s most needed also often forces people to duplicate the data, mostly through imports and exports. The resulting manual data manipulation often ends in errors and wasted time trying to correct them.
Face Data Silos Head On
To avoid your information being trapped in data silos, you need to pre-emptively develop a comprehensive plan for data management. For example, you might deploy a content management system (CMS) to help collect and share information within your information. Alternately, integration platforms can be useful tools to bring together different applications and services into one solution.
The best solution will differ based on your company’s structure and needs. Take a look at where all of your data lives today, and if you’re not sure where to start, we recommend consulting with your internal IT team or an MSP to identify which is best for you.