27th Oct 2020
Estimated reading time : 5 Minutes
Data Management in Post-COVID World
In these difficult times of disruption, such as COVID-19 pandemic, Data management and analytics are essential to managing both the current disruption and the move to a “new normal”
The COVID-19 pandemic has proven to be a catalyst for organizations to question their data capabilities and to reassess their data management strategies.
Large amounts of data are being produced and the relevant system landscapes are becoming increasingly complex. Efficiently handling, storing, maintaining, monitoring, analyzing and deleting the data therefore has become an essential task in the daily business of any organization. Organizations need data management simplicity and agility to maximize the benefits they can get from their data. It is essential to double down on your data and analytics during these turbulent times to be successful today and drive competitive advantage in the future.
Changing Strategies with Time
Regardless of where you live and work in the world, you are impacted by these unprecedented and challenging events. But it is important to remember that this pandemic will pass, and how you prepare now will determine how well you thrive in the future.
While predictions vary from day to day, some predictions from economists state that the economy will have two bad quarters before it begins to recover. But one thing is sure: This pandemic eventually will end.
Now is the time to prepare for a post-COVID-19 world.
You should anticipate that some of the societal changes we are experiencing will remain permanent or at least have a permanent impact on how we live and work. For example, your customers today are housebound and travel wary. You need new ways to reach to them and engage with them, and it could mean moving to contactless operations. Also, on-premises visits to service products might eventually disappear or be replaced by remote services.
So, how do you prepare for this accelerated digital future, or the “Next Normal?” With data. You have much more data than ever before and you have the ability to analyze and use that data in new and effective ways.
For example, data is publicly available about the status of COVID-19 from country to country, region to region and down to the local level. This data can be correlated with supply chain information to identify areas of risk, and to forecast which regions will be coming back quickly and which regions may warrant a longer grace period.
Roadmap to Next Generation Data Management
- Implement a proper data infrastructure and build your organization so it can utilize the full potential of the current data.
- Improvise overall data quality of your master data as well as transactional data before ingesting further data from external sources.
- Continuously train and empower your employees to create the foundation for a sustainable data management approach and integrate the willingness for proper DM in your daily operational routines.
- Analyze the potential requirements and benefits of Master Data Management for your organization and integrate objectives and milestones into your digital strategy roadmap.
- Set realistic and achievable goals based on the level your organization is currently at and avoid overstretching staff and resource.
- Analyze the potential requirements and benefits of Master Data Management for your organization and integrate objectives and milestones into your digital strategy roadmap.
- Set reasonable, realistic and achievable goals based on the level your organization is currently at and avoid overstretching staff and resource.
- Analyze the potential requirements and benefits of Master Data Management for your organization and integrate objectives and milestones into your digital strategy roadmap.
In addition to above our unique approach of designing customized data management solutions incorporating automation and advanced workflow tools and analytics capabilities help in generating meaningful business insights in a timely manner at an economical cost.
Viaante is one of the leading data management services companies who have the skills and expertise to offer effective and accurate data management services. We help to reinforce use of data as well as its management, thus resulting in a complete quality control of data governance. Viaante is a leading data management services company in India and our Industry leading cutting edge solutions and Services help you to manage all the data in a well-structured way.
Working with Viaante Business Solutions, a leading data management company in India will ensure seamless data delivered without any compromise to quality. To know more about our services, visit www.viaante.com
