Why Data Silos Are Bad For Businesses
▻https://hackernoon.com/why-data-silos-are-bad-for-businesses-f2198527e389?source=rss----3a8144e
Digitalization is promoted among businesses as it improves their efficiency and reduces costs. Also, this trend creates huge data silos for businesses ready to be analyzed to further improve their operating.However, it’s not all rosy. The amount of data businesses receive can be overwhelming and hard to manage. The first common issue we can find is the presence of multiple data silos which aren’t connected.For example, an imaginary company collects website behavior data inside of their database, but also their sales and stock data in separate excel sheets. This brings us to two issues:Different storage meansMultiple not connected data sourcesTrying to analyze such fragmented data is a costly and time-consuming process, something digitalization should prevent in the first place. On top of (...)
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