FEATURE : DATA MANAGEMENT
costs , and missed opportunities to optimise supply chain management .
In today ’ s competitive landscape , data-driven insights are essential for gaining a competitive edge . Organisations that neglect data maintenance may lag behind competitors who leverage data effectively .
NEGLECTING DATA MAINTENANCE CAN RESULT IN NON- COMPLIANCE WITH DATA PROTECTION REGULATIONS AND LEGAL OBLIGATIONS .
Data maintenance provides the foundation for informed decision-making . When data is not properly maintained , decision-makers may rely on incomplete or outdated information , leading to poor strategic choices , missed market opportunities , and potential financial losses .
By not maintaining data , businesses and individuals may face these opportunity costs , hindering their ability to adapt , grow , and stay competitive in today ’ s datadriven world .
Significance of data maintenance
Regular data maintenance practices , such as data backups , updates , and error checks , help maintain the integrity and accuracy of the stored information . This ensures that data quality remains dependable and trustworthy , enabling informed decision-making and preventing misleading or incorrect analyses .
Data maintenance includes implementing robust security measures to protect against cyber threats .
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