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Data is everywhere. Whether it’s financial analysis or market segmentation, everything is data-driven. This means you have an increasing amount of data requiring more space and even more management. Making the most of it is crucial.

The good news is that there are ways to save costs while also having better access to data. This article will highlight how you can save costs and still have maximum data access to ensure that your business never has to suffer.

1. Virtualize Data in the Cloud

For more data, we need more space, which is where the cloud environment comes in. Many companies are already using cloud devices for data storage but are finding it less efficient and more time-consuming when it comes to monitoring and maintenance work. This is why shifting to a virtualized form of cloud computing is better.

Virtualized cloud computing allows different jobs to be performed within virtual machine containers and also ensures all the virtual machines run simultaneously in a coordinated way. This leads to fewer conflicts in data handling and provides the best way to save costs.

2. Having a Hyperconverged Infrastructure (HCI)

Most systems today work on SQL, which is incredibly hard to use. Shifting to HCI is the answer to these challenges. It amalgamates all the data center hardware by using storage resources with softwares to create flexible building blocks and allows companies to simplify huge data into tiny blocks, which are more accessible.

3. Embed Dashboards into the Teams’ Tools

A standardized dashboard can be the source of truth. It can be embedded into the tools that your company employees use. These dashboards can answer the most important questions about your data. Not only that, but when a dashboard is embedded in the most commonly used tools, the employees won’t have to leave that tool to find the information required to make data-driven decisions. Embedding dashboards is thus a great way to improve access to data.

4. Facilitate Data Literacy

Your company employees may not be well-versed in the use of data. Therefore, to improve access to data, you must create a plan to teach everyone data literacy. This would allow them to interpret and use the available data in an accurate manner. To encourage data literacy, consider holding monthly workshops or lunch-and-learn sessions. This will help build a strong knowledge base and ensure that everyone is able to use the data effectively.

Are you making the most of your data?

By using the strategies mentioned above, you can ensure that cost-cutting will be the first and foremost priority. Moreover, your employees will be able to utilize the data in the best possible manner, ensuring that your company will never have to compromise in delivering the best.

Photo by Lukas from Pexels

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