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3 Reasons Businesses Want Chief Data Officers

Posted by Tricia Gopi on Mar 26, 2020 6:00:00 AM

 

A Chief Data Officer (CDO) is a relatively new C-Suite position that sometimes overlaps with responsibilities of a Chief Information Officer. Nearly 64% of leading corporations have hired a CDO since 2018. CDOs are growing in prominence and relevance in correlation with the growth and prominence of data in business. There is some variance in what businesses expect from their CDO, but the position indicates a shift in business stressing that data is an essential part of modern businesses and needs to be represented at the highest level.

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Topics: Hiring, Economics, Organization, Finance, Reporting

Everything You Need to Know About Dirty Data

Posted by Tricia Gopi on Mar 12, 2020 6:00:00 AM

It’s useful for businesses to review data insights and analytics by using reports to track patterns and trends. Data projections can be used to help when making important business decisions anticipating customer needs. When unreliable data, known as “dirty data,” ends up in the mix, your business insights can be compromised. Dirty data is inevitable. Studies show that executives believe around 33% of data is wrong. Even though it can’t be avoided, it should still be minimized. To safeguard your analytics against dirty data, you need understand a little more about it.

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Topics: Tips, Economics, Organization, Finance, Reporting

4 Ways Property Managers Can Use Reports

Posted by Tricia Gopi on Mar 10, 2020 6:00:00 AM

Reports are an important function that businesses can use at every level of the hierarchy – boards, executives, middle management, and even administration. When reports are run on a regular basis companies can tap into the multitude of data available to them. Reports can give organizations easy to interpret summaries that make it easy to identify patterns and evolving trends.

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Topics: Technology, Budgeting, Economics, Organization, Finance, Reporting

4 Benefits of Electronic Document Management Systems

Posted by Tricia Gopi on Mar 5, 2020 6:00:00 AM

An electronic document management system (EDMS), is software used to manage the creation, control, storage, and distribution of documents. Typically, an EDMS is a centralized system that streamlines document management. Electronic Document Management Systems usually includes an electronic signature function, which gives users the ability to digitally sign/authorize documents replacing manual “wet ink” signatures.   

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Topics: Productivity, Technology, Property Management, Sustainability, Organization

The Financial Impact of Digitization

Posted by Tricia Gopi on Mar 3, 2020 12:15:00 PM

There is a lot of talk in the business world about digitization, but many businesses don’t feel inclined to switch from the comfort of paper to a new system. As technology evolves and software becomes more comprehensive, digitizing documents offers more benefits than hardcopies can. Digital documents have been developed to be more secure and be easier to access. One of the biggest impacts of an electronic documentation system is the significant cost reduction in comparison to traditional document management. 

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Topics: Technology, Business Growth, digital security, Budgeting, Digital, Portal, Organization

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