Finding the Right Real Estate Agent – What You Must Know about

Finding a real estate is not difficult, given the fact that there are so many agents available. However, finding the right one who would help you to make the right real estate decision can be difficult says, Bharti Jogia-Sattar. Though she is a successful finance professional with more than 22 years of experience, she has expertise in dealing with real estate issues as well. During her professional journey she has dealt with countless numbers of real estate agents. Due to this she knows that finding the right agent is a task which would challenge your patience and knowledge too.

Referrals

People usually look for real estate agents through referrals. However, you need to remember that the agent who has successfully found the house for your friend might not be able to do so for you. Additionally, there are different types of real estate agents. Some deal with residential requirements and some deal with commercial requirements. You need to make the choice carefully. In fact, you need to think about your need first when you are hiring an agent to deal with your real estate issues. If you fail to do this, you might end up regretting like many others.

Agent Listing

Bharti Jogia-Sattar, encourages people to go through this channel. She says that the agents who are listed there online have some credentials to show for. It is better to go through the online platform because here you would get the luxury of doing in-depth research about the agents and the projects they have handled so far. It will give you an idea about what kind of service you can expect from the agents.

Sings around Neighborhood

Neighborhood signs are great ways to find real estate agents around the area. However, there is one drawback to this method. This is pretty area specific. You would have to be present in the area and try to search for the agents who have posted their advertisement around. Relying on this might not be a wise idea.

Once you have short listed some of the real estate agents, you would need to make a decision about hiring. Bharti Jogia-Sattar gives some pointers which would help you hire an agent.

License

Yes, this is the first thing which you should be looking for when you are searching for a real estate agent. It is important that you hire someone with license. Without license the real estate agent does not have authority to work for you. Remember this when you begin your search and never break this rule. There are countless people out there who have hired real estate agents without license and lived to regret their decision forever.

Recent Client’s Feedback

Well, this should be the deciding factor. You need to talk to the clients who have worked with the real estate agents. You would know by talking to them what kind of service the agents offer. You can check out online forum as well to find the feedback about the real estate agents. It will help you make the right choice.

What To Do When Someone Posts Your Nude Photos Online

In the era of internet and social media, cyber crimes or cyber bullying has taken its height too. One of the most common cyber crime is Non-consensual pornography, which means posting nude photos of any individual without their knowledge or consent. This crime can exploit the reputation of the victim to a huge level. Thus, the punishment for the offenders is also very severe and tough.

This is also commonly referred as “revenge porn” which means taking revenge upon someone through leaking their nude images. So if you, unfortunately, find yourself in the same trap, do not keep silence. Stand your ground and follow some steps or procedures that will help you get justice.

Removal

The very first thing you need to do is remove your photo from public domain permanently and make sure that it hasn’t been leaked to any other social media. Consult the experts of cyber hacking and make sure that the photo is deleted completely from each social media platform.

Contact the Websites

There are many websites on the internet that host revenge porn. So if your photo is on one of those sites, then taking it down won’t be an easy task. If the websites don’t bring the images down, then you will have to bring a claim against them and go to the court.

You will also need to have an injunction sought from the court. The operator of the website may deny bringing down the images, so drafting an injunction against them will help you stop the further distribution of the images.

Civil Laws/Criminal Laws

If the case has gone out of your hands or is very severe, then it is advised to turn to the police. According to the civil laws of your local government, your case will be handled and the offender would be punished.

This type of cybercrime is a criminal offence too as it includes harassment, blackmailing and voyeurism. So you can even contact a cybercrime lawyer, who can handle your case and will help you get justice.

Stay Safe

If you have a suspicion on someone that they have leaked your private photos online, then here are some easy steps to confirm it and remove that image from the internet.

  • You can first try to type your name in the Google image search. A more effective way is to “search by image” icon.
  • You paste the image here or the URL of the image. If there will be your photo floating on the internet, then the search results will show them.
  • Immediately take a screenshot of the Google image search and document it. You can then report the same photo by filling out a form on Google.

Though these are just the primary steps in dealing with this type of cyber crime, turning to a lawyer or the police seem to be the right option to catch the offender. Instead of feeling ashamed or embarrassed, you should go for a legal action against the offender and make sure that they get the necessary punishment for their crime.

Start Growing Your Business With These Company Optimization Techniques

Corporate leaders who want their organizations to thrive should know that implementing proven business-building strategies is the way to engender the desired outcome. When you’re ready to see profound growth and expansion that keeps your company as competitive as possible, start implementing some or all of the following strategies:

  1. Optimize Your Meetings. 

Optimizing your meetings is a wonderful way to keep your company on the path to perpetual growth. This technique is important because your meetings are the sphere in which everyone communicates about business-related matters. When meetings go smoothly and communication is effective, everyone remains on the same page regarding what steps will be taken to ensure that the business reaches the next level of success. Luckily, there are numerous types of strategies a corporate leader can deploy to make her or his meetings more effective. One of them is the use of professional PowerPoint services.

  1. Enhance Your Marketing Plan. 

In addition to optimizing your meetings, be sure to focus on enhancing your marketing plan. This technique is empowering because it will enable you to continually share your brand with online and offline audiences in a dynamic way that catches people’s attention and gets them fired up about your product line. Some of the digital marketing strategies you may want to utilize to make these things happen include:

  • blog work
  • email marketing
  • content marketing
  • web design and development
  • social media optimization
  • responsive web design
  • search engine optimization
  1. Utilize Mindfulness Techniques.  

One final strategy that can keep your company moving forward is the use of mindfulness techniques. These techniques are helpful because they optimize the business owner’s ability to think critically, calmly, and/or creatively. Luckily, there are numerous techniques you can deploy to optimize your mind. One of them is meditation, and you can use the “words of affirmation” format to keep yourself in a positive mood throughout the day. The “words of affirmation” form of meditation involves silently reciting affirming phrases within yourself. An example would be “Love and light.”

  1. Purchase New Equipment.

One final technique you can utilize to grow your company is purchasing new equipment. This strategy is helpful because it helps yourbusiness cultivate a cutting edge image. It will also empower you to optimize and accelerate the completion of daily tasks. If your companymakes use of caster equipment such as threaded stem casters, note that you can obtain them from organizations such as Access Casters.

Begin Using These Techniques Immediately! 

Corporate leaders who are determined to keep their organizations on the road to growth should recognize the power and efficacy of adopting a systematic approach to business growth. Four techniques you can implement to realize the objective include optimizing your meetings, enhancing your marketing plan, utilizing mindfulness techniques, and purchasing new equipment!

 

Event marketing- reasons and benefits

 

There are many different ways to market a business or products. There was a time when people were only using print media and electronic media for marketing purposes but now there are so many ways and platforms for people to present their products to the customers and consumers. Many of these ways are very expensive and some of them are less expensive and easier too such as social media. Even only through social media, a person can market in many different and unique ways. However, the best and most personal method of marketing is event marketing. There are some online and offlines ways of event marketing. Offline event marketing also known as physical marketing. In online event, marketing people from all over the world can take part by using internet connections and their gadgets. In offline or physical event marketing people appear in person. Some of physical event are help open in which all anyone can visit but some events are exclusive and only invited people can visit them.

Reasons to Use Event Marketing

There are many different reasons for different people to arrange a marketing event or to take part in a event help by different companies for marketing purposes. For some people online event marketing is the easiest and less expensive way so they market their products through webinar. Through this, they can come face to face with their clients without using any money on any venue or such thing. But a big and wealthy company who have money to invest can plan an exclusive event or take part in an event help by different companies. The idea of these both types of event marketing is same to come face to face with their clients but through physical event there are more chances of a person to trust on the products and the people who are selling it. The event marketing is the best way to give information about new products or upcoming projects. This allows the brand to represent itself to the consumer in a very direct way.

These events also best to target a specific audience. For example if an exhibition has been help for different products of different kind of nature. They can invite the families and each member of the family will look at products according to his age or taste and that way many brands will be able to attract the clients at one place. These events also give a very big opportunity to representatives of the brands to charm the clients with their expertise and behaviors and they can get more clients and also they can have a chat with their old clients. At such events, people can give their opinions and they can also tell what more things they want from a specific brand. It enhances the trust of people toward the businesses and they find themselves valued. Representatives can also explain the benefits and uses of their products directly to their clients and resolve any problem the clients have on the spot.

Live streaming marketing is the best way through which the representative goes online and lives and deal with the customers, tell them about their products, and explain its uses. However, for that it is very important to have a very good video quality. There are many people who are making marketing videos to be used in such events but circus maximus have proved to be the best in their work. These people have the most talented people in all over the country.

 

 

Best Practices for Warehouse Operations

Managing a warehouse is not a simple, straightforward task. Even experienced managers sometimes miss important details, or overlook ways to increase efficiency and productivity. There might be a key element of workflow or inventory control or labour cost that has escaped the attention of a company’s leadership. Given this possibility, it never hurts to refresh our knowledge from time to time.

We thought it might be helpful to compile a short list of best practices gathered from organisations all over the world. It’s likely not an exhaustive list, but it’s as complete as we could make it. Perhaps you’ll find something here that you hadn’t considered. If we can help you better deal with making and/or receiving a European pallet delivery, or finding the most efficient storage layout for your space, or cutting down on the time it takes to fill and ship and order, we will consider this a success.

  • Automate where appropriate. Manual procedures have been obsolete for some time, and yet there are companies that still keep track of inventory by hand. Barcode or RFID tags should be incorporated, and used on every single item that is received into your warehouse so that the item can be tracked, from receiving to stacking to packing and, finally, to shipping.
  • Use something like bin locations to aid in efficient locating. Along with an item or product code, your automated system is probably equipped to use bin location numbers for easy storage and retrieval. Each item’s code includes location information that tells the reader exactly what area of the warehouse is set aside for each type of item. Consider the ‘temp test.’ Can a new or temporary employee pull up data from a reader, and look that data up on a posted map, and find the spot for a requested item? Or will that temp have to find another employee and ask for help? This is a great, simple way to decide just how logical and efficient your processes really are.
  • Let the software keep track of how many times a particular item is sold and shipped. If one item is only sold four or five times per year, consider drop shipping the item from the distributor or manufacturer. If the cost of storing just a few items is larger than the cost of drop shipping, it makes sense to free up the warehouse space. Similarly, if an item’s sales trend shows a seasonal pattern, that information can be used to place larger orders at certain times, decreasing the per-item cost. These automated inventory control packages can provide a great deal of information if you know how to look for it.
  • Establish an effective and straightforward return process. When an item is received originally, it goes right into the system, which automates the way it is handled. And yet when items are returned, some companies just toss them back into the warehouse. They need to be accounted for, and returned if defective, or repackaged and resold if possible. Either way, they should be re-entered into inventory control.
  • Consider requiring vendors to make receiving appointments. Some companies are fine allowing their vendors to make their deliveries at any time. Perhaps in your case, it would make more sense to schedule deliveries so that the labour cost of personnel for receiving can be limited to certain shifts, freeing either the personnel or the payroll money for other uses.
  • Make sure that warehouse safety is a top priority. We aren’t just talking about worker regulations and fire codes. Accidents and injuries are a very real cost, and they are often avoidable with just a few preventative measures. Don’t take shortcuts on workplace safety and you’ll save money. Accidents can cause increased labour costs, as well as the costs associated with inventory loss and equipment damage. It pays to be safe.
  • Take advantage of vertical space. As inventory begins to approach capacity, consider the building’s height before you look at expanding. With the right shelving, and with proper equipment (such as pallet pickers and forklifts), you can utilise space basically from floor to ceiling. Obviously this needs to be done safely, with proper stacking technique and safety procedures in place, but it’s entirely possible that shelving and a machine or two will cost less than paying for warehouse expansion. Even if you only delay the expansion, that can be a favourable move in terms of the bottom line.
  • Use periods of slow business to optimise workflow processes. In every business there are lulls, seasonal times when the workload is a bit smaller. Take advantage of those opportunities to review all of the items on this list. Why create any kind of work stoppage when you can use these times that happen naturally in your business? If you can reduce any cost or expense, or improve any process, or increase any productivity, the time will have been well spent.

Naturally, this list can’t include everything. But there is a lot here… I’m guessing there’s at least one thing here that you haven’t incorporated into your business. If I’m right, now’s the time to take action. And if I’m wrong, congratulations – you’re ahead of the pack!

 

Australian Citizenship Bill Released

Australia is a dream destination for a lot of the people. Australia is a beautiful country and a lot of the people want to Immigrate To Australia and start a new life there. Recently, the Australian officials released the Australian Citizenship Bill. This article contains all about how the new rules will work based on the draft legislation.

There were some changes made to the requirements for Australian Citizenship which were announced on 20th April, 2017. The draft legislation to enact these changes has now been released.

Whilst the legislation must still pass Parliament, we can see more clearly how the new rules are likely to be implemented.

Timing of Changes

Australian Citizenship Legislation Amendment (Strengthening the Requirements for Australian Citizenship and Other Measures) Bill 2017 has been introduced to the Parliament but it has not yet been passed and may be subject to further amendments before it comes into effect.

The bill indicates following changes that are effective for any applications for citizenship lodged on or after 20th April, 2017:

  • New General Residence Requirement
  • Competent English Requirement
  • Pledge of Allegiance Requirement

This means that all the applications that are lodged from this date will need to meet the new requirements, even though they were lodged prior to the legislation being passed by Parliament.

The following are the changes that will come in effect once the legislation is passed.

New General Residence Requirement:

The following are the new general residence requirement for citizenship that has been set out by conferral:

  • You must have lived in Australia for a period of 4 years as a permanent resident (this is referred to as the “Residency Period”)
  • You must not have been unlawful at any stage during the 4 year.
  • If you depart from Australia during the 4 years, the total period spent outside Australia must be less than 365 days, and you must maintain your Permanent Residency during this time.

This is in accordance with the expectations based on the announcement of 20th April and effectively means that you must now hold your permanent visa for a longer period i.e. 4 years, rather than 12 months which was previously the case.

New Zealand Citizens and the Residency Requirement:

New Zealand Citizens meeting certain criteria will not need to meet the new general residence requirement, but instead can come under the previous requirement under which a period of 3 years spent in Australia on a temporary visa can count towards the residence requirement.

The explanatory statement indicates that NZ citizens applying under the new NZ 189 stream will be able to apply under the old general residence rules.

English Requirement:

The bill indicates that you will need to demonstrate fluency in English – this would require at least 6 in each bands of IELTS or equivalent. Evidence of the proficiency in English language skills would need to be provided at lodgment for all applicants aged 16 years or over. If any applicant fails to provide this, it would result in the application being considered as invalid. The Explanatory Statement indicates that test results up to 3 years old can be used.

The Bill mentions that exemptions may be set out in a legislative instrument. The Explanatory Statement mentions the following possibilities:

  • Passport holders of the UK, Ireland, Canada, USA or New Zealand
  • Specified English language studies at a recognized Australian education provider
  • Applicants with a permanent or enduring physical or mental disability
  • Applicants aged 60 or over
  • Applicants with hearing, speech or sight impairment

Pledge of Allegiance:

Under the Bill, the previous Pledge of Commitment will be renamed as the Pledge of Allegiance. To become a citizen, the Pledge of Allegiance is required for citizenship by conferral for all applicants aged 16 or over.

This will also apply to the following ways of acquiring citizenship which currently do not require a Pledge of Commitment:

  • Citizenship by Descent – children born overseas to Australian citizen parents
  • Adopted children (Hague Convention or bilateral agreement)
  • People resuming Australian Citizenship
  • Children born to a former Australian citizen
  • People obtaining citizenship due to being stateless or born in Papua during certain periods of time

Automatic Acquisition of Citizenship by Children Born in Australia on 10th Birthday:

Currently, the children who are born in Australia and who are usually a resident in Australia acquire Australian citizenship by operation of law on their 10th birthday.

However, the Bill imposes significant limitations on this condition, and the children will be ineligible for citizenship in the following circumstances:

  • Children who are unlawful at any stage.
  • Children who depart Australia and do not have a visa to return to Australia
  • If the child’s parent becomes unlawful prior to the birth of the child
  • If the child’s parent has diplomatic status in Australia.

Character Requirements:

The Bill gives the Minister rights to do the following actions where there are character concerns:

  • Refuse Citizenship applications
  • Delay processing of citizenship applications by deferring the date for the Pledge Allegiance – this delay could be up to 2 years.
  • Cancelling approval after the Pledge of Allegiance
  • Cancelling approval of citizenship prior to the Pledge of Allegiance being taken

Children under the age of 18 years will now need to meet the character requirement. Children 16 years or over will need to undergo police checks. Where there are known issues, Immigration may look into character for applicants aged under 16 years as well.

An application for citizenship cannot be approved where a person is:

  • Serving a term in prison
  • On parole
  • Confined in a mental health facility by court order
  • Subject to pending proceedings for an offence
  • Subject to home detention or residential program for mental health or drug rehabilitation.

The minister has the power to personally make a decision on character grounds which is non-reviewable, and to substitute a decision in favor of applicants at the AAT on character grounds.

2-Year Bar where Citizenship Refused: 

Where a citizenship application is refused on any other grounds other than meeting the residence requirement, a 2-year bar can apply. Suppose your application is refused on character grounds, this will result in not being able to apply again for a period of 2 years.

Revocation of Australian Citizenship for Fraud or Misrepresentation:

In case of misrepresentation of information, the result will be revocation of Australian citizenship. This can relate to:

  • The application for Australian citizenship
  • Entry to Australia – presumably this might include information on incoming passenger cards
  • Previous visa applications

It may be possible that the fraud or the misrepresentation have been done by a third party, and includes concealing relevant information. Any fraud or misrepresentation which has occurred up to 10 years prior to the revocation can be considered.

Whilst the Citizenship legislation still needs to pass Parliament to come into effect, the release of the Bill makes the Government’s intentions much clearer.

If you want to check your eligibility for Australian Immigration, visit the website of the Best Immigration Consultants i.e. https://lalaniassociates.com.pk/ .

5 Tips to consider while taking loans from money lenders

When you are planning to take loans from the money lenders, you should consider numerous factors while taking loans. The following tips will guide you the factors you should consider while taking loans:

  1. Before choosing a money lender, consider all the alternatives

You should consider all the alternatives and services provided by the money lender before approaching him for the loan. The alternatives involve different schemes like the financial assistance schemes, interest rates, income and financial obligations, moneylender singapore, etc. considering all these factors, you can successfully enter into a safe and reliable contract with the money lender for loan payment.

  1. Find out the contractual terms

Be thorough with all the contractual terms. The interest rate and date of repayment are not the only factor you should consider, but also find out the late payment fees and interests if you aren’t able to pay the loan later on. This will help you stay stress-free indeed if you are not able to return the loan on time. Keep a copy of the contract with you after you have understood all the contractual terms. Having a proof of the contract and transactions made will help you stay safe in case of any chaos or problems in future https://easycredit.com.sg.

  1. Borrow only as much required

Never borrow more than the requirement. This will lead to overburdening and difficulties in repayments along with increased costs due to interest rates. Borrowing more than required makes you give more collateral security to the lender leading to reducing the flexibility of using our own assets. This will also help you pay fewer amounts of fees as it increases with the increased amount of loan.

  1. Collateral security

One should find out the terms and conditions relating to collateral security as well as the term of the loan. Find out what security will be the best. It is vital to plan out for the collateral security because once the security is given; you cannot withdraw it until the loan is repaid. Suppose you have put your house as a collateral security for the loan, you aren’t allowed to sell the house until the entire amount repaid. So if you are planning to sell the house, remove that option. In a similar way, consider the important factors while choosing a collateral security.

  1. Make firm decisions before you enter into the contract

Understand all the terms and conditions before signing up the contract. Find out practically if you will be able to repay the amount to the money lender in full or in instalment. Make sure the time given to you for repayment is good enough so avoid stress later on.  Put yourself into all the favourable terms while making a contract.

Never ever rush into a contract without understanding and clearing out all the terms and conditions of the money lenders. To be on the safer side, keep a copy of all the documents and contract proof with you until the loan is entirely paid.

Considering all these points will help you take loans safely from the licensed money lenders.

Why You Need to Invest Heavily in Service Parts Logistics

Service parts logistics can provide a critical competitive advantage for your business. Spare parts management is essential for every business that deals with heavy machinery. It creates many benefits for your business. It helps drive efficiency and improve your company’s savings. Some of the components of service parts logistics include an efficient software platform and the right level of connectivity. There are two major concepts you need to address when it comes to creating an effective spare parts management plan. You should have a reliable forecasting program, and a complete data set related to the items using the parts.

 

A Complete Set of Data

 

With accurate and up-to-date data, you can easily create a reliable inventory management system for your business. Your system should be able to track different versions of similar products to help you supply right accessories to the correct location. Having a complete data set is essential for any business that relies on machinery to complete its tasks. It’s more important to warehouses that support high-value assets such as oil rigs and power plants across a wide geographic area.

 

A Reliable Forecasting Program

 

The other building block for an efficient service parts logistics is a reliable forecasting plan. Besides sales data, your forecasting plan should account for various data streams. While many companies use sales data to establish their estimates, it’s not enough to accurately forecast future needs. Your forecasting plan needs to account for factors such as the product lifecycle. Visit this website to learn why it is important to involve stakeholders in your prediction process. Customers, maintenance teams, and engineers all need to be part of the process.

 

Benefits of an Effective Spare Parts Management

 

Service parts logistics is essential for companies dealing with high-value assets such as oil rigs and power plants. It can also help manufacturers manage their inventory. Here are three primary benefits of service parts logistics.

 

Increased Level of Inventory

 

Service parts logistics leads to increased service level. Implementing systems and software that drive efficiency in service parts logistics can result in a gain of 5% to 10% in inventory service levels. Service parts logistics helps put spare parts into better use.

 

Decreased Investment in Inventory

 

Without the right tools, it can be difficult to find the balance between the level of spare parts inventory and the investment made into spare parts. An inventory level above the optimal range increases the risk that some spare parts won’t be used. Similarly, an inventory level below average can slow productivity and revenue growth. An efficient service parts logistics helps a business reduce its inventory while enhancing high levels of service and accessibility.

 

Improved Equipment Uptime

 

A reliable spare parts management system can help you avoid equipment downtime. While there is the occasional exception, service parts logistics helps you improve assets uptime considerably. Besides, it can lead to a gain of 2% to 5% in capital assets availability. Service parts logistics helps you reduce the time spent repairing inoperable assets.

 

Taking Your Brick-and-Mortar Business Online

In today’s technological age, nearly every business operates to some degree online, or at least has a website. However, there are some — well, more than a few — laggards yet to take their brick-and-mortar business online. Even if a brick-and-mortar business is unlike to attract any new business digitally, it is advisable to create a website solely for hosting contact information.

There are websites such as Yellow Pages that compile NAP — name, address, and phone number — for both digitally-present and Internet-averse businesses in any given local area. However, contact information is sometimes wrong. Most of us can relate to searching for a business’s contact information online, only to find it incorrect or nonexistent. The failure to create a digital presence for your brick-and-mortar business is inexcusable. Ever wondered how to take an existing, brick-and-mortar business into a digital format? Look no further…

As an existing business, the daunting tasks of formulating a business plan, logo, and name are already taken care of. You first need to secure a domain name by clicking here. Next, you need to build the website.

There are many different resources for creating a free webpage online, such as WordPress or Drupal. However, owning a quality webpage ic correlative with succeeding. Even if you believe absolutely no customers will be drawn in by the Internet, your assertion is likely incorrect. Therefore, you should seek out a qualified, experience team of website development experts to craft a custom webpage for your brick-and-mortar business. You should keep in mind that, in today’s age, our attention spans are growing shorter. It is crucial to retain visitors within the first few seconds of visiting. You need a webpage with stunning visuals, smooth flow, and easy-to-find contact information to retain most visitors.

Adding your business’s contact information, especially address and phone number, to sites like Yellow Pages and Yelp is strongly recommended. The NAPs such websites have listed are sometimes incorrect, even more so for businesses who have recently changed location or phone number. With the widespread near-elimination of physical phone books, many potentially interested customers rely on such websites for business NAP.

Due to the popularity of digital media for contact information, business owners should search all popular contact hosting sites, including Yellow Pages, Yelp, Google, and Yellow Pages. You can request information changes by either visiting the specific listings and requesting a change, emailing their customer support, or calling them. Proof of ownership is not often required.

After correcting contact information, creating a website, and adding contact info to your website, a solid search engine optimization (SEO) strategy is next-most advantageous. Search giant Google’s AdWords Keyword Planner helps you find commonly searched words and terms, trends of searches, and compare various search terms.

Brick-and-mortar businesses new to the digital marketplace should first use long-string keywords to gain exposure online. Such phrases are at least three words long, and are good to use because few competitors have used them. It’s generally best to compete in aspects of SEO that are uncommonly ventured to see your business succeed online.

 

Why Data Management is Important to Businesses

Information and technology are two sides of the same coin. They constitute an essential business component that no organization can afford to overlook. Companies need as much data as they can possibly amass to help them come up with business intelligence. The volume of data collected by organizations daily keeps increasing at a monumental pace as the cyber world continues to expand.
However, by itself, raw data cannot help an organization the information it needs to make informed business decisions. Therefore, companies need efficient ways of turning this data into usable information. Visit this website to find out all you need to know about data management and how you can use it to improve your business.
Data, Information, and Knowledge Relationship
Raw data represents the facts and figures that an organization process daily. In any kind of business setting, every transaction is recorded. There’s not much a business can learn from looking at a single transaction individually hence the need to process the data to add purpose, relevance, and context. That’s when data becomes information.
Daily transactions are analyzed to reveal patterns and trends such as the highest selling products or days with the highest number of transactions. The relationship between these pieces of information helps companies to gain knowledge which can now be used to make insightful business decisions.
Importance of Data Management
At its core, data management refers to the formulation and implementation of procedures, practices, policies, architectures, and processes required to manage the information collected by a business. Businesses are always collecting data and to get the most out of it, data needs to be effectively managed. However, managing these huge volumes of data can be a challenge hence the need for functional data management systems. Some of the benefits of having an effective data management system are:
Improved Data Quality
A 2010 survey by the University of Texas found that businesses stand to make huge financial gains by making small boosts in data quality. Effective data management processes improve the quality of data generated by an organization. High-quality data is easily interpreted and used to increase competitiveness, understand customer preferences, and identify growth opportunities.
Improved Data Security
One of the key components of data management is security. A proper data management system ensures that critical data is never lost and is well protected within the company. In the absence of a data management system within an organization, data management service providers protect company data from breaches, theft, and loss.
Efficiency
Proper management of data guarantees its easy and speedy access across the organization. This increases efficiency and employee productivity which, in turn, broaden the horizons for an organization.
Eliminates Errors
Erroneous data can be disastrous to a company’s bottom line. Errors are more likely to occur in the process of collection, analysis, and use of the information if a company doesn’t have a robust data management infrastructure. Data management helps businesses understand how different pieces of information tied together. This knowledge can, in turn, be used to lower operating costs, increase efficiency, and make more informed overall decisions.