The Benefits Of Data Centralisation

Data centralisation is revolutionising how businesses operate, helping organisations to get the most value out of their data.

Having multiple data sources can result in an array of inefficiencies and complications, particularly as businesses are creating and consuming data at unprecedented rates.

Data centralisation involves consolidating data from numerous sources into a single repository, offering a unified view of your organisation’s data and empowering leaders to make data-driven decisions.  

Aside from the fact data centralisation simplifies data management, implementing it offers several benefits to your organisation:

1. Improved data accessibility 
2. Streamlined data management and enhanced security
3. Strategic decision-making
4. Enhanced analysis 
5. Improved data quality 
6. Simplified business processes

1. Improved Data Accessibility 

The first benefit associated with data centralisation is enhanced data accessibility. 

Data centralisation allows you to store your data in one place, meaning your internal teams no longer have to wade their way through multiple systems.

This gives everyone in your enterprise a single source of truth, minimising discrepancies and the time spent navigating multiple data sets.

In turn, this offers greater data visibility and simplifies access for employees, reducing inefficiencies across your organisation.

2. Streamlined Data Management & Enhanced Security

Data centralisation also promotes streamlined data management and enhanced security.

Managing data from a single location is significantly more efficient, streamlining data management processes by saving resources and time that would normally be spent searching for scattered data.

Moreover, when an organisation is dealing with multiple data silos, where information is ‘isolated from the rest of an organisation’, it’s difficult to track and secure data interactions.

A centralised data platform supports enhanced security in many ways:

• It allows organisations to mitigate the risk of mishandling data.
• It allows for the development of data access procedures.
• It enables organisations to implement security measures, such as access controls, encryption, and monitoring.

3. Strategic Decision-Making 

Data centralisation also allows for strategic decision-making.

Data is not only readily available but is well structured, providing organisations with a full overview of their business data.

Moreover, with the right centralised data platform that offers real-time synchronisation capabilities, organisations are better equipped to make better strategic decisions and derive actionable insights with greater efficiency by leveraging real-time data.

Are you looking for a centralised data platform? Look no further than Configur.

Our platform allows you to store all your data in a centralised, secure location and benefit from cleaner, more reliable data that’s free from duplication and discrepancies.

Book a call with one of our experts today.

4. Enhanced Analysis 

A key benefit of data centralisation is enhanced analysis.

When you consider that ‘the average company only analyses 37-40% of its data’, the need for enhanced analysis is evident.

By having your data in a single unified repository, you can build the foundations for Machine Learning (ML) and predictive modelling. This makes generating reports by analysing insights into key performance indicators (KPIs) significantly more efficient. 

Moreover, with these tools, you can more easily identify and capitalise on emerging trends and also predict future demands. 

With the enhanced analytics a streamlined data source offers, teams can better strategise, thus positioning your organisation to be more proactive and maintain its competitive advantage.

5. Improved Data Quality 

Data centralisation also improves data quality.

Research from Gartner has shown that poor quality data costs organisations an average of $12.9 million every year, highlighting how costly bad data can be.

The Importance Of Data Quality

Incomplete or poor data can skew data analytics and negatively impact decision-making. Alarmingly, ‘91% of decision makers believe work is needed to improve the quality of data within their organisation’, which is where data centralisation can significantly ease the pressure.

By consolidating data, businesses can implement uniform data quality standards to ensure that all data is accurate, consistent and reliable.

Having a single centralised source of data can help to protect your organisation from the impacts of poor quality data.

6. Simplified Business Processes

Lastly, data centralisation allows you to simplify business processes. 

When you implement data centralisation, you eliminate data silos and redundancies, integrating all information into one shareable source.

Considering ‘data silos cause employees to lose 12 hours a week chasing data’, data centralisation allows you to maximise operational efficiency and break down barriers between departments, ensuring data consistency across your organisation.

Moreover, this supports improved collaboration across all teams within your organisation.

How We Can Help

Are you ready to embolden your teams with data centralisation? Configur can help.

With Configur’s centralised data platform, businesses can unlock the power of unified data, maximise efficiency, and empower their teams to make data-driven decisions.

Aggregate your data into a single, accessible repository and enable your teams to interact and collaborate seamlessly with our user-friendly solution.

‍Get in touch with our experienced team at info@goconfigur.com or on 01633649263 today to discover how we can assist you.