Business

Dissect The Issues With Data In Your Company

Chloe Harwood
Written by Chloe Harwood

How much data do you have stored in your business? We imagine even a medium-sized enterprise will be storing quite a lot of information on customers, clients, and various other data files. It is important that you are aware of some of the main issues with business data and what you need to take into consideration when you gather and store this information. Let’s start by thinking about the issue of rules and regulations.

Are You Ready For The GDPR?

If you’re running a business in Europe, you need to know about the GDPR. The GDPR is a new set of rules and regulations designed to ensure that data is kept safe and secure in the modern age. It gives business owners more accountability with regards to the data they store and gather and customers more rights about how their data is used. A big issue here is consent. Under the GDPR, businesses have stricter rules about the consent they must gain from any customer or client that they keep data on. You might think that if you are running a business outside Europe, you don’t need to worry about issues like this. However, most countries do have similar types of laws and regulations in place that you need to be aware of. As well as this, if any of your business processes takes place in Europe, the GDPR could still impact you.

Are You Using The Right Data Storage System?

There are various data storage systems to choose. For instance, smaller companies might use the cloud, while larger businesses could be operating on something like mysql for data queries. However, you can also move from mysql to bigquery, the data resource offered by Google. The benefit of a system like this is that it is far more powerful than your typical data management resource.

As well as this, you do need to think about backup systems. Without a backup system, you are leaving your business vulnerable, and we’re not just talking about hacks here. The failure of your business tech could be enough to stop your data systems from working effectively, causing major problems.

Does Hacking Concern You?

It should, cyber threats are very common these days, and every company could be affected. Indeed, approximately one-third of businesses this year will be hit by a cyber attack at some point. That attack will typically be orchestrated as an attempt to steal data from your business. This data could be the personal info of clients or customers. An issue like this occurred when Equifax was hacked last year. It left a massive percentage of their clients vulnerable, and the worst part was that they didn’t even alert people of the issue until months later.

Remember hacks are not always preventable, but you can handle them in a way where they don’t bring down your business. If you are honest with customers about what has happened and take all the possible measures to correct the situation, you can keep them on your side.

About the author

Chloe Harwood

Chloe Harwood