Data Management

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.

Customer data is necessary for small businesses. It helps them understand customer wants and needs and how they interact with brands. In a world where competition is high, companies can leverage data to stand out more and create impactful experiences for customers.

Customer experience has always been the go-to strategy for businesses, and for good reasons. In a study by PwC, researchers found that 42% of consumers are willing to pay more for a better experience. 

Data security is a term used frequently in news reports. This company or that had a data breach. Users should take measures to change passwords and lock down their credit reports and personal data. 

At times, small businesses and organizations assume they may be less at risk for a data breach than mega corporations. Unfortunately, hackers don’t care who they target. They only want a successful win as they face the challenge of circumventing security measures. If you haven’t paid much attention to keeping your users’ data safe, now is the time to ramp up your efforts.

Data protection involves more than just keeping your customers’ personal information safe. You also must be aware of state, federal and international laws regarding data privacy compliance. Busy entrepreneurs may find data protection falls to the wayside amidst the dozens of tasks vying for attention.