#data hosting

Privacy-First Hosting: Canada's Global Leadership (Infographic)

In today's digital economy, data is no longer just a byproduct of business operations—it has become a critical asset that drives innovation, efficiency, and competitive advantage. As organizations increasingly recognize the strategic value of data, they are adopting the concept of "Data-as-an-Asset" to leverage their information resources more effectively. This article explores the key components of Data-as-an-Asset, focusing on MDM Modernization, Data Governance, and Data Hosting/Warehousing.

1. MDM Modernization: Ensuring Data Accuracy and Consistency

Master Data Management (MDM) modernization is a crucial element in treating data as an asset. MDM involves the centralization and governance of critical business data, such as customer, product, and financial information, to ensure a single source of truth across the organization.

Key Aspects of MDM Modernization:

Cloud-Native MDM Platforms: The transition to cloud-native MDM solutions enables organizations to scale their data management practices seamlessly. Cloud-based MDM systems offer flexibility, real-time data integration, and improved accessibility, allowing businesses to respond quickly to changing data needs.

AI and Automation: Modern MDM systems are increasingly leveraging AI and machine learning to automate data quality checks, anomaly detection, and data matching processes. This reduces manual effort and enhances the accuracy and reliability of master data, ensuring that the information used for decision-making is up-to-date and trustworthy.

Real-Time Data Management: With the demand for real-time insights growing, modern MDM platforms are designed to handle dynamic data environments. This capability allows businesses to maintain consistent and accurate data even as it changes rapidly, supporting better and faster decision-making.

2. Data Governance: The Framework for Data Stewardship

Data governance is the backbone of treating data as an asset. It involves establishing policies, procedures, and standards that ensure data is managed effectively, securely, and in compliance with regulatory requirements. Strong data governance frameworks are essential for maintaining the quality, security, and usability of data across the organization.

Key Components of Data Governance:

Policy Development: Data governance policies define how data is to be managed, who has access to it, and how it should be protected. These policies help ensure that data is used ethically and in compliance with legal and regulatory requirements.

Data Stewardship: Appointing data stewards who are responsible for maintaining data quality and integrity is a critical aspect of data governance. Data stewards oversee the implementation of governance policies and ensure that data is consistently accurate and reliable.

Compliance and Risk Management: Effective data governance frameworks help organizations mitigate risks associated with data breaches, non-compliance, and inaccurate data. By ensuring that data is governed according to best practices, businesses can avoid costly legal penalties and reputational damage.

3. Data Hosting/Warehousing: The Foundation of Data-as-an-Asset

Data hosting and warehousing are fundamental to the concept of Data-as-an-Asset. These practices involve the storage, management, and retrieval of large volumes of data in a way that supports business intelligence, analytics, and operational efficiency.

Key Trends in Data Hosting/Warehousing:

Cloud Data Warehousing: The shift to cloud-based data warehousing solutions has transformed the way organizations store and manage data. Cloud platforms offer scalability, cost-efficiency, and the ability to handle large datasets without the limitations of on-premises infrastructure.

Data Lakes and Warehouses Integration: Modern data management strategies often involve the integration of data lakes and data warehouses to provide a comprehensive view of both structured and unstructured data. This approach enables businesses to leverage all available data for analytics and decision-making.

Real-Time Data Access: As businesses seek to harness the value of data more rapidly, real-time data access and processing capabilities have become critical. Advanced data warehousing solutions now support real-time data streams, enabling organizations to act on insights as soon as they are generated.

Conclusion: Building a Data-Driven Future

Treating data as an asset requires a holistic approach that encompasses MDM modernization, robust data governance, and efficient data hosting and warehousing practices. By adopting these strategies, organizations can unlock the full potential of their data, driving innovation, enhancing decision-making, and gaining a competitive edge in the marketplace.

New Post has been published on https://compevo.com/blog/reality-of-data-storage-management-in-it-and-server-hosting-environments/

Reality of Data Storage Management in IT and Server Hosting Environments

Things have changed a bit over the years, with the advent of large and cheap storage, many businesses of all sizes have simply increased the burden and challenge of managing so much data.  In fact, it is and can practically be a full time job for some IT staff who are overstretched with daily tasks and projects, creates a recipe for disaster.  Yes, backups that don’t happen or don’t work are still commonplace and we often hear about it from our clients after they discover through either a mistake, bug and/or set of strange and unexpected circumstances that for whatever reason their backups were not being performed properly.

What Types of Data and Backups Are Critical?

This depends on your business type, but for starters we usually tell our clients in general to look at the following issues.

E-mails, e-mails, e-mails (and often that becomes a new project where we have to migrate them off an insecure e-mail or free-mail system they’ve been using simply because it was convenient).  E-mails need to be archived and backed up for not only legal reasons, but practical ones.  Often times valuable information such as who helped with X task or project or may have critical information that no one else knows is hidden in the archive of company e-mails, whether or not the employee is still current (and we have seen employees tracked down and rehired in these cases).  There are also other issues the business may have with regulators or clients and a dispute occurs, this is all the more reason to have that archive as it can often settle disputes and misunderstandings very quickly.

Accounting data is an absolute must, everything from receipts, full ledgers etc should be archived for legal reasons should the need for an audit be required.  Many companies often think of the government first, but often times there is forensic analysis done and fraud or other corporate crime is uncovered and often the financials/accounting will provide valuable and crucial information.  There are also more practical reasons with things as simple as a client needing all receipts for various reasons such as insurance etc.

General Data would be any files, documents, pictures, spreadsheets etc.. that are a part of your business.  The tricky part becomes ensuring all data is stored in a central location or at least in a uniform way, such as on certain workstations or other devices that push the data to a backup server (or a pull) as long as there is some accounting done to make sure it is happening.  The most simple solution is a corporate VPN and fileserver to all work is performed there, and if not possible all the time, there should be a standard protocol and backup application that synchronizes all work to a central backup location.

Where should data be stored?

This is an issue often overlooked and it can render backups useless or as good as never having any.  We recently had a client who had full, complete and working backups but lost everything.  Due to a natural disaster their backups were all lost which is not so unlikely especially for hard disks (they are extremely vulnerable to shock and other elements).  It wasn’t a bad idea to have local hard disk backups on a fileserver, but unfortunately their management thought “off-site backups are unnecessary and too pricey”.  Of course this is hindsight to the decision makers, but what is the cost of backing up all data remotely vs losing precious operational data and the resulting downtime?  Also consider that remote backups should be on another continent to rule out a single and large disaster taking both your location and your backup location down.

How should data be stored?

As we alluded to above you should not only think of where your data is stored but how it is stored.  At this time SSD is quite not affordable enough for large scale data hosting, except to those with an extremely large budget.  One thing we often suggest is to use BD-R (Blu-Ray discs) as they can last extremely long and as long as they are not physically damaged the data will be preserved.  In fact some of our staff and clients have CD-Rs from 1999 that still work fine to this day, it all comes down to the quality of the media and perhaps just as important, how they are stored.  Even better, BD-Rs cannot be erased so there can be no accidental deletion.

First Steps In Securing Your Data

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