Data is the lifeblood of any business. It is where you track your inventory, sales, customers, and more. According to Business Wire, the average company uses 254 software applications to manage its data. So, getting your data to become a tangled mess is easy if you’re not careful.
Luckily, digital investments are becoming increasingly popular to help businesses keep tabs on their data. By making a digital investment, you can track your data in real-time, allowing you to make decisions quickly and efficiently. But with so many options on the market, how do you know which one is right for your business?
Here are a few options to consider when making a digital investment for your business:
Digital data warehouses
A digital data warehouse is a cloud-based system that stores and organizes your data. This tool is an excellent option if you have a lot of data or need to access your data from multiple locations.
Typically, a digital data warehouse allows you to manage your data in one place and gives you the ability to access your data from anywhere. It also provides data backup, security, and disaster recovery features.
This tool will cost you a monthly fee, but the price will vary depending on the size of your data and the features you need. The average cost of a digital data warehouse is $2,000 per month. However, you can find options as low as $500 per month or even free for smaller businesses.
So, a digital data warehouse is an excellent option for your business if you have a lot of data or need to access your data from multiple locations. It might require some upfront costs, but the features and benefits are worth the price. This way, you can keep your data organized and secure while accessing it anywhere.
Data analytics tools
Visualizing and understanding your data is crucial for making sound business decisions. Data analytics tools help you do just that. These tools allow you to see your data differently, such as charts, graphs, and maps. Some data analytics tools also have features that help predict future trends or customer behavior. This way, you can make decisions based on data-driven insights rather than guesswork.
Often, data analytics tools are available in other software, such as customer relationship management (CRM) or enterprise resource planning (ERP) systems. However, you can also find stand-alone data analytics tools.
Data analytics tools are an excellent option for businesses of all sizes. Investing in a data analytics tool can help you make better decisions, improve customer relations, and even boost your bottom line. When you see your data in new ways, you can make decisions backed by accurate statistics rather than gut instinct. Doing so can save your business time and money in the long run.
Big data platforms
A big data platform is a tool that helps you manage and analyze large data sets. This platform is well-designed for businesses with many data or complex data sets.
Big data platforms are similar to digital data warehouses in that they store and organize your data. However, big data platforms also have features that help you process and analyze your data. This way, you can make data-driven decisions quickly and efficiently.
This platform will likely come with a higher price tag than other options on this list. However, the features and benefits are worth the investment for businesses that must process and understand large data sets. The average cost of a big data platform is $5,000 per month. This figure will vary depending on the size of your data and the features you need.
Nonetheless, a big data platform is an excellent option for businesses with a lot of data or complex data sets. This tool can help you process and understand your data quickly and efficiently.
Sometimes, things can go wrong no matter how well you manage your data. That’s why it’s important to have maintenance support for your digital investments. Maintenance support is a service that helps you troubleshoot and fix problems with your devices and data. This service can be beneficial if you don’t have an in-house IT team or if your team is busy with other projects.
Suppose you have a broken tablet or need to restore lost data. In that case, you can contact your maintenance support team for help. They will likely have a team of experts who can fix the problem as soon as possible. A quick tablet repair can help you avoid costly downtime and get back to work as soon as possible. As a result, you can save your business time and money.
So, ensuring maintenance support is crucial for protecting your digital investments. If something goes wrong, you can count on a team of experts to get you back up and running in no time.
Digital investments are crucial for businesses in the modern age. These investments help you manage and understand your data, which is essential for making sound business decisions. The above choices are all excellent options for businesses of all sizes. When you invest in these tools, you can rest assured that your data is in good hands. So, don’t wait any longer—start shopping for the right data analytics tool for your business today.