Your business’ data is one of its most important assets. Today, there are ways to utilize data to help build a better business. Let’s take a look at the data services that are designed to help the modern business get the most out of this resource.
Before we get into how businesses are changing the way they analyze data, we should talk a little bit about the data. You’ve probably heard about the “big data” trend. This is the active collection of all types of data once reserved for large companies. Recently, as information technology has been implemented, and its price has dropped, small businesses are now beginning to use these systems to improve their businesses.
When we refer to data services, we are referring to business intelligence, business analytics, and backup and disaster recovery. These three play varying roles for a business, but can, if leveraged correctly, really bring a lot of value. This is something we at Symmetric IT Group try to maximize for all of our clients. Let’s look at them individually.
Backup and Disaster Recovery
For the business that wants to build a big data strategy, the protection of the data has to be a priority. In fact, protecting your data should be kept top of mind, no matter how you choose to use data. The backup and disaster recovery (BDR) platform works to back up assigned data regularly to ensure that if there is a need for recovery–from a disaster, a malware attack, or human error–that the files that are recovered are relatively up to date.
The BDR is a network-attached device that takes incremental backups of your data and pushes a copy to a secure offsite data center. This ensures that if your hardware were to fail or your business faces a disaster of some kind, that you still have the data available for recovery. The good news is that a backup and disaster recovery system is a core part of a managed IT services agreement. If this is something you were not aware of before, or would like to know more about, please check out our Managed IT Services page.
Using data to maintain, optimize and streamline a business’ operations is called business intelligence (BI). BI supports data-centric planning, and fuels intelligent business decision making. A well-constructed BI program will use data-driven reports and visualization to help increase overall productivity and improve efficiency. BI works by organizing data into summaries in order to give decision makers answers to how the business is functioning and how it has functioned in the past.
BI also can provide analysis of the financial and operational statistics that work to identify weak and strong areas of a business. This can help a business’ decision makers make better-informed decisions backed up by empirical data that is easy to decipher. With the ability to see a whole business and decipher how the current operations can be more effective, decision makers can set goals and strategy.
Like BI, a business analytics (BA) platform also collects and analyzes data and employs predictive analysis with the core aim of addressing a business’ weak points, but those are the only similarities it has with Business Intelligence. BA software is used to analyze historical and current data to identify the trends in a business.
While BI and BA seem relatively similar on the surface–both feature visual representations as well as customizable queries–the main difference is that BI is crunching data that will help businesses structure operations to meet the demands of today, while BA has a clear intention of helping analysts plan for the future. This makes both BI and BA crucial for any business that wants to focus on maximizing all of their points of data.
We are aware of all the data services that one may need to make sure your business continues to run smoothly. We are here to help your company become more productive, use technology to its fullest, and assist when there is need. If you would like to learn more about using your data to improve your business, while also protecting that data, call our IT professionals at Symmetric IT Group today at (813) 749-0895.