Many companies struggle with the management of their information systems and related databases. A primary reason for this is a lack of centralization. Here is why centralized data management is important and what benefits can be derived from it.
With a centralized information system, users only need to go to one place to find the data they seek. But, this isn’t enough to convince most organizations to transition to centralized data management. They want more reasons to make the switch from their current decentralized information systems to an integrated data management platform.
Are you one of them? If yes, then you need to know that a centralized data management system incorporates all the processes and procedures used by your company on a daily basis. With centralized data management, you can collect, store and retrieve information in a single system safely, while having complete access across the company. This not only ensures your peace of mind but also provide you with 5 key benefits:
This is the perhaps the biggest reason to switch to centralized data management. After you make the switch, your data will be secured with documentation and a user won’t be able to access that data unless they’re given privileges via a tightly controlled process. With a secure central data repository, there is no need for you to store study related data on multiple platforms and mediums which might be lost during and after the study is completed.
Data integrity is the single biggest benefit of centralizing data management. Ask any data expert and they’ll tell you that there should be no redundant data in your database. When you add repeated databases and files, your security protocol is compromised by your system. With centralized data management, data is always up to date and accessible to your company. This allows anyone to update information that is vital to your company.
An organization can achieve consistent management and distribution of data throughout its internal systems and global office when data feeds are managed in a central repository. After it is brought into the repository, data can be scrubbed, validated and prepared for distribution throughout the organization.
When an organization’s data is controlled by one business unit, the resources previously dedicated to the management of data can be redirected to core business needs. Moreover, this allows companies to eliminate the manual processing of data, which in turn reduces the risks of poor business decisions.
With centralized data management, businesses can cut their overall costs. Compared to maintaining multiple systems, the maintenance of a single, central server is far less costly, especially if a company has operations in multiple locations. Moreover, centralized storage minimized the overall space requirements for storing and processing data.
In addition to the above, centralized data management reduces the physical security risk and improves data quality. If you’re looking for such a data management solution, then get in touch with us today!