{"id":9997,"date":"2020-05-12T07:00:00","date_gmt":"2020-05-12T15:00:00","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=9997"},"modified":"2020-03-15T14:44:51","modified_gmt":"2020-03-15T22:44:51","slug":"data-management-businesses-look-to-data-to-improve-efficiency-and-reduce-costs","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/data-management-businesses-look-to-data-to-improve-efficiency-and-reduce-costs\/","title":{"rendered":"Data Management: Businesses Look to Data to Improve Efficiency and Reduce Costs"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">How are businesses targeting data to promote growth?  <a href=\"https:\/\/www.prnewswire.com\/news-releases\/data-management-fundamentals-are-the-first-step-towards-advanced-data-practices-new-comptia-report-reveals-301010568.html\">A survey by CompTIA<\/a> identified three categories of trends that they see across businesses:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Analyze<\/strong> &#8211; Identify the sources of data and processes that use the data<\/li><li><strong>Organize <\/strong>&#8211; Businesses are creating teams dedicated to analyzing data<\/li><li><strong>Apply <\/strong>&#8211; Businesses are looking at how new technologies like AI and blockchain can be applied to their data to gain competitive advantage.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">When asked to identify their top challenges, businesses cite the time to analyze and integrate data:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"958\" height=\"507\" src=\"http:\/\/formtek.com\/blog\/wp-content\/uploads\/2020\/03\/image-1.png\" alt=\"\" class=\"wp-image-9998\" srcset=\"https:\/\/formtek.com\/blog\/wp-content\/uploads\/2020\/03\/image-1.png 958w, https:\/\/formtek.com\/blog\/wp-content\/uploads\/2020\/03\/image-1-300x159.png 300w, https:\/\/formtek.com\/blog\/wp-content\/uploads\/2020\/03\/image-1-768x406.png 768w\" sizes=\"auto, (max-width: 958px) 100vw, 958px\" \/><figcaption> <a href=\"https:\/\/www.ciodive.com\/news\/data-management-challenges-CompTIA\/572999\/\">Roberto Torres: Speed, integration and skills: Companies&#8217; top challenges in data management<\/a> <\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.linkedin.com\/in\/seth-robinson-b961032\/\">Seth Robinson<\/a>, senior director of technology analysis at CompTIA, <a href=\"https:\/\/www.comptia.org\/newsroom\/2020\/02\/25\/data-management-fundamentals-are-the-first-step-towards-advanced-data-practices-new-comptia-report-reveals\">recommends four areas that businesses<\/a> should focus on to improve data management:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Data Sourcing<\/strong> &#8211; Ensure that maintained data is high quality and accurate<\/li><li><strong>Data Processing<\/strong> &#8211; Enable processing and integration with a wide variety of data types<\/li><li><strong>Data Analytics<\/strong> &#8211; Structure analytics and metrics around corporate objectives<\/li><li><strong>Data Security<\/strong> &#8211; Develop processes and tools which minimize risks from data loss or breaches.<\/li><\/ul>\n<div class=\"lightsocial_container\"><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/digg.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fdata-management-businesses-look-to-data-to-improve-efficiency-and-reduce-costs%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"https:\/\/formtek.com\/blog\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/www.reddit.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fdata-management-businesses-look-to-data-to-improve-efficiency-and-reduce-costs%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" 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A survey by CompTIA identified three categories of trends that they see across businesses: Analyze &#8211; Identify the sources of data and processes that use the data Organize &#8211; Businesses are creating<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/formtek.com\/blog\/data-management-businesses-look-to-data-to-improve-efficiency-and-reduce-costs\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-9997","post","type-post","status-publish","format-standard","hentry","category-data-management"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=9997"}],"version-history":[{"count":2,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9997\/revisions"}],"predecessor-version":[{"id":10000,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9997\/revisions\/10000"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=9997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=9997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=9997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}