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Are Data Silos Affecting Your Enterprises? Follow These Five Steps
Organizations are stepping forward to unlock the real value of your data which enables them to make informed decisions in the future, serve up better customer experiences, accelerate information and respond to issues and trying to prevent them from occurring in the first place.
Here comes Data Silos which means an isolated group of data that can take various forms to be it raw data that hasn’t been processed or data that is held by different business units in large enterprises. Data silos can also be formed in areas wherein data is stored in a way that makes it unreadable or inaccessible.
Many organizations fail to do this because their systems are isolated from each other. Therefore to get the most out of the data, they must start with shattering data silos. Without the ability to access and analyze data in a proper manner, it becomes difficult to deliver exemplary customer experiences.
How to get away with data silos?
If an enterprise wants to get rid of data silos; they need to make it a priority. All they need to do is, develop a comprehensive plan and make sure that all involved are aware of the intentions of the idea. If possible one must go for a cross-functional team to oversee the consolidation process to ensure a smoother sailing and faster results.
• Communication and Collaboration
Many data silos are formed due to the lack of communication between the various departments. So it is advisable to the enterprises that they must encourage their employees to communicate with each other on a regular basis as it is essential for company culture to celebrate the collaboration. This will help in improving the results and also reduce the chances of data silos going unnoticed.
• Tech Infrastructure
The number of technologies required by the organization to increase the revenue margin is unsteady nowadays. Organizations use more than five databases at once, with countless applications spread across them thereby forming an endless tangle of data silos.
• Avoid costly vendor
As per a report by 2020, 75 percent of organizations are managing their data in a public cloud which would subject to vendor lock-in, making it expensive and time-consuming to migrate data from one platform to another. Therefore, organizations should either break down the data silos or avoid them by using platforms that gives the ability to transfer data efficiently.
• Develop new processes
Enterprises have to make sure that the employees understand that how they have to handle data and which platforms are approved to do that thereby reducing the chances of creating data silos.