Using Data To Drive Better Business Decisions

Many refer to data as the future fuel. Some refer to it as the current gold. There is no doubt that organizing and analyzing data is a crucial task for any organization aiming to fulfill the dream of information-driven decision-making.?

A sound information governance strategy is essential for achieving this. When done correctly, data processing, which includes information regulation, data operations, data storage, statistical modeling, and big data, may give your company a huge strategic edge in your market.?

However, many companies in Egypt find the use of data to drive their decision, to be a challenging task. The question is, why?

1. The use of unstructured data:

Unstructured data frequently consists of consumer judgments and criticisms, comments on corporate procedures, or in-depth data on effectiveness and costs. Unstructured data emphasize a topic's uniqueness. The ability to read and analyze this kind of data ultimately takes knowledge. More exact, organized, and quantifiable structured data is better understood. Consequently, it is simpler to comprehend.

2. Data cleaning:

Internally, firms in Egypt have teams that are responsible for maintaining accurate, duplicate-free materials data and advising on effective information possibilities. These people are spending a tremendous deal of labor, attention, and cash on a painstaking manual procedure that almost always entails careful spreadsheet administration since they are on the front lines of handling faulty data. This fight is ongoing and might eventually deplete the firm of important resources.

3. Data storage is expensive - especially in Egypt:

Data infrastructure is being used by private ICT businesses, which frequently lease cables for expensive rates. Egypt's lack of agility and excessive prices hurt its ability to compete. A data center may be built not for a lot of money, however, the big players in Egypt are making it very difficult.? Funding by the corporate sector or collaboration between the public and commercial sectors to upgrade networks would increase competition, boost fiber optics and wire efficiency, and benefit the market. Companies have better access to these facilities to start using them to store and analyze their own data.?

Fortunately for you, QSource has made big investments into cloud solutions and has enabled many companies to store their data and therefore become better able to analyze their own data and therefore be able to make better business decisions.?