In our increasingly technologically advanced business landscape, data is becoming more and more valuable. Therefore, breaches in data security and encryption can be extremely disastrous for modern businesses. It can result in financial losses, decreased productivity levels, and a lack of trust with customers. Studies show that data breaches for U.S.-based companies can cost an average of $8.19 million.
Features Of Data Storage Management Systems
1) Data security
One of the most important aspects of managing any organization is ensuring that sensitive data is secure and encrypted. Your business is responsible for protecting its customers and employees by prioritizing the encryption of physical and virtual security systems.
This will prevent third parties from taking advantage of your business’s data. Data storage management systems can also create secure, cloud-based backups at regular time intervals to ensure that valuable data is never lost.
2) Data retention policies
For your business to comply with internal and external regulatory data governance regulations, you must establish correct data retention policies. Some data is not required for extended periods and can therefore be discarded after its intended period of use.
However, data required for longer periods of time must be retained. Therefore, data storage management systems can help your business prioritize and archive certain important data types. And also automatically delete unnecessary data at regular time intervals.
By automatically discarding unneeded data, your business can allocate data management resources to more critical business processes.
3) Factor in compliance needs
Businesses that regularly collect data from internal and external sources must comply with legal and statutory directives set by governing regulatory bodies. However, as the amount of data that businesses are expected to collect, track, analyze and report increases exponentially, this can be difficult to perform manually.
Implementing a data storage management system can help your business automatically keep track of compliance needs without utilising more financial or human resources. This not only means that these resources can be allocated elsewhere but also allows your business’s employees to work on higher-level, more intellectually stimulating organizational tasks.
There is no point in collecting and storing large amounts of data if it cannot be easily accessed when needed. Therefore, Data Storage Management Systems can help businesses easily search for specific results in large databases of data and information with minimal time delays. This will help your business’s employees perform their job more efficiently and will ultimately improve customer experiences.
Crust- Perfect Data Storage Management System For Your Business
Crust’s open-source, low-code software solutions can be used to create a highly effective data storage management system. Crust offers a 360-degree overview of organizational information such as customer profiles, historical client interaction, and messages.
Crust’s software is also equipped with a secure firewall that can ensure that your business’s sensitive organizational data is safely encrypted. Try a demo so that your business can take advantage of the various benefits of data storage management systems.