Data Management

Keeping a business at the top of their game requires significant time and resources, especially when aiming to stand out in increasingly competitive industries. However, a business’s ability to succeed today requires more than great marketing strategies and a strong team.

Cybersecurity remains an essential element that all businesses need to master. The reality is that there are countless threats just below the surface, with cybercriminals always looking for their next victim. Ransomware attacks, for example, affect hundreds of thousands of businesses every year, and new strains of malware are becoming harder and harder to combat.

Choosing your company’s most beneficial data collection type can dramatically improve your marketing strategy. Client information can help your small business’s design and marketing team better understand your customers, which can boost growth and create more effective engagement. 

Finding a suitable service for your small business is extremely important. You must consider the pros and cons of first-, second- and third-party data collection to determine what’s best for your company.

One corrupt table or misconfigured bucket can stall an entire supply chain run. Fortunately, a clear-headed backup strategy turns that existential threat into a five-minute inconvenience.

Data Loss Reality Check

The numbers behind data loss read like a cautionary thriller. IBM’s 2024 Cost of a Data Breach report pegs the average incident at $4.88 million, including everything from emergency forensics to months of churned customers. Yet budgets alone can’t capture the scale of disruption.

Data is a powerful asset for small businesses — but only when it’s well-managed. It can quickly become fragmented, inaccurate or a liability in the absence of coherent policies and oversight. A data governance framework for small businesses ensures their records are secure, consistent and valuable for decision-making.

Why Data Governance Matters for Small Businesses

Implementing data governance isn’t only for large enterprises. Small businesses can also reap measurable benefits by proactively managing their data.

The amount of information business partners need to share is greater than ever. Instantaneous access to analytics and in-progress projects is crucial for communications. Business-to-business (B2B) integrations are essential in modern companies prioritizing clarity and transparency. How does this look when implemented, and what advantages does it bring to warrant the urgency?

Customer data is incredibly beneficial for allowing company representatives clear feedback about what people like and dislike, along with the aspects that would earn or retain their loyalty. However, this is an era when many hesitate to provide information about themselves, typically because they want to know how the recipients will use it. Zero-party data can solve these problems.

Quantum computing has the potential to change the data security landscape permanently. In as little as five years, it could make the most relied-upon encryption schemes ineffective — making businesses vulnerable to breaches.

Quantum Computing’s Impact on Data Security

Quantum computing can make some of the most common data security measures ineffective. While experts haven’t reached a consensus on how soon it will happen, many agree it will become an issue within the next few decades.

In the tech industry, we often see game-changing trends that redefine how we handle computing. Sometimes, these trends escalate to full-blown explosions of technology usage. It happened with virtual machines (VMs) and now it’s happening with SQL server containers.

Employees are leaving their jobs in record numbers – both voluntarily and involuntarily

The amount of employee turnover that occurs each year varies depending on the industry and country. However, layoffs have seemingly become a common occurrence in the business world, with the tech industry being hit particularly hard of late. Layoffs.fyi, a website that has been monitoring tech layoffs since March 2020, has compiled data indicating that at the time of publishing, approximately 139165 employees have been laid off by 503 tech companies since the beginning of this year.