Board and the concept of online database

Member of a Board needs to know the practical implications of an online system.

What is an online system?

An online database system provides a platform that allows users to store, manage, and access data through the internet or any network. Its features are the followings:

Centralized Data Storage: The database resides a centralized storage location for data.

Internet Connectivity: The system mostly relies on an internet connection to establish communication between users (Directors in our case) and the database server.

User devices: Online database systems typically provide a web-based interface, accessible through a web browser, where users can interact with the database.

User Authentication and Access Control: Online database systems implement authentication mechanisms to verify the identity of users and control their access to the database. User roles and permissions can be defined to determine the level of data access and operations allowed.

These systems provide a flexible and reliable arrangement for storing, organizing, and retrieving data over the internet, enhancing productivity and decision-making capabilities.

What advantages such a system can enable for a team like the Board?

1.????Access Data stored in a database from anywhere and any time: Imagine being able to work remotely, collaborate easily, and boost productivity like never before. For example, let's say you're attending a conference in another city. You also need to attend the Board meeting in between. With an online system connected to your business database, you can simply log in and retrieve the information you need, right from your hotel room.

?2.?????Get the information instantaneously (as the event is taking place). Online systems connected to databases provide you with real-time access to data. Metaphorically, today the Board is dealing with 'past' data. with Digitalization it can many ways control the 'present'. So you're always on top of the game with the most up-to-date information available. For instance, imagine the Board is monitoring a major project. With an online system connected to a database, you can instantly see the changes and react accordingly. Compare this with the current scenario, where the Director gets the same information after passage of a few days. Such advantages are already available to different layers of the Management. In the same analogy, it can benefit the Board.

?In a nutshell, an online system connected to a database can offer the Board a centralized data storage, easy accessibility, and real-time updates.. It boosts the productivity, decision-making, and overall operational efficiency. So, why not embrace this digital tool?