A Business's Greatest Asset
A business's most valuable asset is its data.
  
Think about it for a minute. Let's say you had a fire, and you lost everything in the blaze. What would you have lost?

Your office? You can always find a new space. 
Your computer? You can buy a new one. 
Your inventory? You can rebuild it. 

But your data? Unless you saved it somewhere, once it's gone, it's gone for good. Think of all the information in a business, and how hard it is to replace:

Customer relationship information. 
Application source code 
Web site contents 
Engineering drawings 
Accounting records 
Legal contracts 
Purchase orders and shipping records 

Let's take this analogy one step further. Think of a business's data as their personal fortune. They could hide it under a mattress. Or they could throw it into a cave and roll a boulder over the entrance. In the first method it's accessible, but can easily be lost or stolen. In the second, it's secure but it's hard to access. 

Many businesses fall into the trap of either-or thinking. Everyone is all too familiar with the story of Sony, Target, or Anthem, where hackers penetrate an inadequately protected system, threatening the security of millions of innocent customers. But many other companies make their data inaccessible to their own employees, either blocking access directly, or indirectly by making it unshareable, indecipherable, or just plain incomprehensive.

Instead of deciding between two false choices, consider a third option. Instead of a mattress or a cave, why not put your company's informational fortune in a bank? It's secure, you can access it at any time, and now it's earning interest and increasing in value.

Learn how to make a company's data work for you, and they will reward you handsomely. Sign up to my email list to learn how.

About the Author: Jonathan Szeto

I have spent over a decade in the field of database development, particularly for business intelligence. By learning how to master data, I turned myself around from the brink of bankruptcy to earning over six figures in business intelligence. Sign up to my email list if you want to learn how to do this for yourself.
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