Question

Businesses today have the capability to record and store data more rapidly than ever before, leading to large quantities of data, which has the potential to be used to initiate data-driven decision-making. However, many businesses are facing the problem of siloed data, which can hinder their ability to integrate data from across the departmental structures. Answer the following questions related to siloed data, and the risks associated with siloed data. Ensure that your answers do not exceed 80 words per question (2.1, 2.2, and 2.3).

2.3 Briefly discuss at least four risks associated with siloed data.

Answer 1

ANSWER :

Data Analysis and storage are critical to organizations these days which empowers them to settle on information driven choices. The information storehouses are the sorts of information which are the data or information in the association which is detached and not open by different pieces of a similar association.

Expelling the silos in the data lets us approach the correct data at the perfect time and in this way utilizing we can show up at a decent choice.

The three different ways that siloed data comes to fruition in associations are:

The organization culture - The divisions in the organizations are frequently siloed from one another which makes the distinction, in light of an assortment of reasons, for example, rivalry between offices, offices think of them as isolated from another office, and data sharing isn't done so well.

The Organizational structures some of the time empower the offices not to share the data without different divisions and subsequently deflecting them from data sharing, which makes it hard for the mix to occur between offices.

Innovation (nothing but technology ) is one more, which includes the silos (store houses) into the data This is on the grounds that various offices in the organizations may utilize various advances and therefore it makes the procedure of data sharing troublesome among offices.