Ensuring Continued Accessibility to your Data
Posted on Oct 11, 2021 by Ian McGowan
We know how valuable data is in the information economy. Nonetheless, gaining access to it and making it transparent have become major stumbling blocks for those who want to maximise its many benefits. Companies often silo their data so it is hidden within formidable walled gardens due to manual processes and concern over competitive advantage.
Nowadays, consumers have become incredibly adept at sharing their personal information with big tech companies, and, as a result, they rightly now have complete control of their data.
Driving innovation with data accessibility
The advent of smart devices has made data accessibility possible. It has enabled valuable insights which have been previously confined in data silos to be accessible even by regular individuals with no data background. This has made trends, societal patterns, economic analysis, and different needs possible.
In fact, the demand for data democracy drives innovation. Before, companies who have been the main customer of data analytics had to pay a fortune to gain access to these. But with the increasing demand for these valuable insights, tech companies have increased their capacity to make data accessibility possible.
In a nutshell, the tables have turned. Tech companies are now offering digitalisation services offering various digital platforms to woo companies.
Transforming the world through data accessibility
Now that modern economies are driven by data, it must be accessible if businesses and people are to meaningfully participate in this. Experts and professionals can turn these data into valuable information and projects which will propel economies and transform businesses.
Alongside data accessibility is data integrity. It is equally important for accessible data to remain factual and high-quality. Erroneous data leads to incorrect assessment and insights, which can hamper making informed decisions by senior management. Hence, data shared and created must be governed appropriately and ethically.
Every relationship begins with trust
The access to data cannot be fully realised without a solid foundation of trust. It is important that the process be transparent and everyone involved understands what is expected. Here are the other responsibilities a business has when accessing their customers’ data:
Mitigating Data Privacy Risk
Before sharing any data, consumers make many judgment calls. Identifying risk categories when assessing commercial relationships is based on a variety of factors. Afterwards, they make a series of decisions that mitigate potentially harmful risks, like:
Access to Data: A Path to Success
Data accessibility will not be easy without safeguards in place, but finding a method that benefits everyone is imperative. Leaving this unmet would impede innovation at a high cost.
Let ADEC Solutions UK guide you through today’s data-driven economy. With over 30 years of experience, we can help your business maintain accessibility through our data assured solutions. If you are keen to learn more, book a 20-minute consultation with our experts.