Are Big Data and Master Data a Side Effect of Silo Data?
Many businesses use information management systems in order to process, analyze, and report on their data. These programs are often created in house in order to securely manage their company information; however, this may create a separate problem many businesses may not be aware of until it’s too late.
What is Silo Data?
Silo data happens when your data is housed in one specific company system. For example, your business may have a system which tracks and stores all your customer information. The big data on this system only exists in this specific program, which is a completely different system than the one you use for ordering. All your ordering information exists in your ordering and inventory system and maybe your sales data only exists in your sales program. All your master data and big data can only be found in each of their respective programs. Each of these data sets are considered silo data because they live in their own silos and may not have any connection to other silo data.
Why is Silo Data a Problem?
Clearly, silo data can cause problems for your business. If you need all your information and programs to communicate but have many data silos, your master data will not be able to cross into other programs. So you will not be able to see how your sales information affects your ordering data. You will have to analyze, store and report each information silo on its own in order to analyze how different pieces of your business work together. This can be an incredibly time consuming process!
Silo Data Solutions
So how does a company avoid the problem of isolated data sets in order to use all their big data to their advantage? You can rid yourself of problematic data silos with a centralized information management system. There are many advantages to implementing a centralized system:
If you are looking to integrate a centralized system into your business to avoid time consuming data silos, contact us. Our SIERA centralized system can help you store and analyze your information in one easy to use program.