The Importance of Unified Data in Driving Cross-Team Results 

According to Statista, global data creation is expected to surpass 180 zettabytes by 2025. It’s become increasingly necessary for organizations to effectively process this abundance of data. So the question then becomes: what is unified data and why is it important in an increasingly data-driven world? Simply put, data unification is merging fragmented data sources into a single, unified view. In this blog, we’re going to give you an overview of data unification and how it can be used to boost cross-team results.

What is Unified Data?

Businesses use data for a variety of reasons, whether it be to make internal operations processes more efficient or to track consumer behaviors. For instance, if the aim is to improve internal operations, then data can be used to assess the efficacy of current workflows and make the necessary adjustments. Data also allows organizations to determine if current processes are too costly or difficult to maintain. However, the benefits of data can be significantly hindered if it’s not properly managed.
 
Unifying data is when data sources are consolidated in one neat package for the purpose of making this data more digestible. By unifying data, companies can provide a clearer view of what processes do and do not work. 
 
For instance, data may come from many different sources like when a customer contacts your support team, answers a survey, issues a complaint, or even when they send a tweet. Unifying this data allows you to keep all this information in one central location. By doing this, the data becomes far more digestible, and much less overwhelming for all team members. 
As discussed, unified data plays a vital role in driving cross-team results. So why is this the case? Because unified data ensures all teams are working with the same information, it can in turn help to reduce errors, increase efficiency, and improve decision-making across teams. 

The Negative Impacts of Siloed Data

In today’s data-driven world, businesses and organizations rely heavily on data to make informed decisions. However, when data is inaccessible to other departments or teams, it can have several negative impacts. Below are some of the many downsides to siloed data that you should be aware of. Understanding these consequences can help you guide your team towards a more productive solution to data storage in unified data.

 

Discourages collaboration

Data siloes influence company culture, and not sharing data causes teams to function independently rather than collectively. Working together can be more effective when processing data. If departments don’t collaborate, then they feel like they must work on their own, which in turn creates a reluctance to share data, continuing this destructive cycle.

Incomplete Data Sets

Team members can be prevented from accessing essential data due to data siloes. In turn, team members may make flawed decisions because they’re based on a limited perspective. 

Inconsistent Data

Inconsistent data can be a problem for organizations as it leads to a lack of accuracy and reliability in an organization’s data. This may in turn affect decision-making processes and ultimately result in wasted time and resources. Inconsistent data can also lead to mistrust among stakeholders and harm the organization’s reputation. 

The Benefits of Unified Data

A survey conducted by Forbes found that 95 percent of businesses have to manage an abundance of unstructured data. Unified data can lead to numerous benefits that can improve an organization’s operations and overall success. With data playing a vital role in business and marketing efforts today, it’s essential to be aware of how your organization can prosper if they adapt and make the necessary changes. 

Improved Cross-Team Collaboration

Unifying data is known to improve cross-team collaboration. This is because making the data accessible for every department means each team can work together with the same sets of data, rather than have bits and pieces of the puzzle. Being able to approach a problem from the same starting point in turn makes it easier for separate departments to share ideas and work towards a common goal. Inversely, when data is stored in silos it can lead to an organization becoming disjointed. Various departments may attack the same problem with limited resources and come to the same conclusion, which ultimately wastes valuable time and energy. 

Increased efficiency and productivity

With data stored in a single location, employees no longer have to spend time searching for information across multiple systems, which can be time-consuming and frustrating. This can lead to significant time savings and increased productivity, allowing employees to focus on more value-added tasks.

Improved decision-making

By having access to accurate, up-to-date data, organizations can make informed decisions quickly and confidently. This can help reduce risk, boost agility, and drive better outcomes, ultimately contributing to the organization’s success and longevity.

Better customer experience

With all customer information stored in a centralized location, organizations can better understand their customers’ needs and preferences. This can lead to more personalized experiences, improved customer satisfaction, and increased loyalty.

Steps to Implement Unified Data

Data unification can be a daunting task, but with a structured approach, organizations can successfully unify their data and reap the benefits. Here are some steps that organizations should consider when implementing unified data.

Understand the Current Data Landscape

 This involves identifying where your data is currently stored, what data exists, how it’s gathered, and who is responsible for it. Understanding the current state of data can help organizations identify potential roadblocks and plan a roadmap for unifying data.

Establish Data Governance

This involves creating policies and procedures for data management, such as data quality standards, data security protocols, and data privacy policies. It is important to have a data governance framework in place to ensure that data is managed consistently across the organization.

Implement a Data Management Platform

This involves selecting a platform that can integrate with various data sources and provide a single source of truth. A data management platform can also provide data cleaning and transformation capabilities, which can help organizations ensure that data is accurate and consistent. 

Build Data Literacy Across the Organization

This involves educating employees on the importance of data and providing training on how to access and use unified data. By building data literacy across the organization, organizations can ensure that employees are equipped to make informed decisions and leverage the benefits of data unification.

Unifying Data For Greater Success

Unified data is essential for organizations to improve cross-team results and overall success. Failure to implement unified data risks falling behind competitors and missing out on opportunities to improve operations and success.
 
We at Theorem urge you to begin taking the necessary steps to consolidate your data so you can improve the efficiency of your business and reap the benefits that doing so can provide. 

You may also like...

Subscribe to Our Blog

Subscribe to receive an email when we publish new content!

    Ready To Empower Your Business?

    We can help you future-ready your business with customized, innovative solutions designed to foster sustainable growth.

    Let’s Talk

            Meto

            Meto

            Meto is a tech-based nonprofit intent on making access to quality higher education a reality for all students. We have a special focus on creating scholarships for low-income students.


            In 2018, Meto was founded to connect African students with university opportunities. Along the way, we have learned that all students can benefit from our innovative model, wherein universities make the first move and invite good-fit students to apply. So, in 2023, we opened our platform to students across the globe.

            website: https://meto-intl.org/

                      Nikhil Badlani Foundation

                      The Mission of the Nikhil Badlani Foundation (the “Foundation”) is to enhance the lives of underserved children in West Orange, NJ and neighboring communities through music lessons, scholarships, and traffic safety education for all.

                      Since the Foundation was established in 2011, Theorem has consistently been an annual sponsor of and team participant in the STOP for Nikhil 5K Run/3K Walk. This event intends to raise traffic safety awareness and to serve as a way to remembervbgfc ≈ and honor those who have been killed or seriously injured in traffic accidents. We recognize the importance of raising awareness and road safety amongst teenagers and parents alike, especially in the local communities of our Chatham, New Jersey office. Learn more about the Nikhil Badlani Foundation at nikhilbadlanifoundation.org

                      Diversity and Inclusion

                      Theorem actively aids in the ongoing fight against systemic racism and discrimination, realizing the importance of ongoing discussions surrounding diversity and inclusion.

                      By contributing to organizations such as Black Girls Code and the Anti-Racism fund, we aim to be a fundamental supporter of diversity in the workplace and beyond. These organizations specifically speak to Theorem’s role as a leading voice in the technology innovation space and we avidly support their missions. The vision of Black Girls Code is to empower girls of color, ages 7-17 to become innovators in STEM fields and encourages them to be the builders of their own futures. The Anti-Racism Fund serves as a response to the inequities experienced by the African-American community. It provides monetary support to a dynamic portfolio of curated organizations as a way to inject and enable social change.

                      Feeding America

                      Feeding America is the largest charity working to end hunger in the United States. By partnering with local food banks, food pantries and other community food programs, Feeding America looks to advance change across the country and ensure equitable access to nutritious food.

                      As a long-standing contributor and sponsor of Feeding America, we deeply believe in their vision of an America without hunger. The need for and importance of organizations like Feeding America has has become more and more prevalent as communities face more hardships as a result of the pandemic and the current economy. Theorem is dedicated to its continued contributions to Feeding America to do our part to empower and strengthen our communities. Learn more about Feeding America at www.feedingamerica.org

                      Grameen America

                      Grameen America is dedicated to helping entrepreneurial women who live in poverty build businesses to enable financial stability mobility.

                      Since their founding in the United States in 2008, Theorem has supported Grameen America’s mission, which seeks to build upon the legacy of Presidential Medal of Freedom, Congressional Gold Medal and Nobel Peace Prize winner Muhammad Yunus. Through financial contributions and event participation, Theorem has contributed to Grameen America’s cause. As an immigrant entrepreneur himself, our CEO Jay Kulkarni is especially eager to support the organization’s mission of aiding underserved communities. Learn more about Grameen America at www.grameenamerica.org

                      Vision Spring

                      VisionSpring is making the wonder of clear vision possible for all by helping provide affordable and quality eyeglasses to those in need. For many, lack of access to affordable eyeglasses leads to loss of employment or less educational opportunities.

                      VisionSpring partners with organizations who join them in their mission of supporting livelihood initiatives, enhancing potential for all. Learn more about Vision Spring at https://visionspring.org Theorem has consistently partnered with VisionSpring to organize free events, such as eye check-ups, across multiple villages in the Mysuru, India region, impacting over 3,000 rural residents. We stand with VisionSpring in their mission to increase accessibility to quality eyewear and eye care.

                      Covenant House

                      Covenant House provides housing and supportive services to youth facing homelessness, helping young people transform their lives.

                      For more than 5+ years, Theorem has supported Covenant House with corporate sponsorships, leading career-building workshops at their Newark, NJ shelter facility and participation in the organization’s fund raising Sleep Outs. Covenant House utilizes these Sleep Outs to raise funds and help shine a light on the injustice of youth homelessness, inspiring communities to step up and protect the vulnerable. We are proud to support Covenant House’s programs, which are designed to empower young people to overcome and rise above adversity, today and in the future. Learn more about Covenant House at www.covenanthouse.org

                      Contract Type

                      |

                      Location

                      Job Title

                      Contract Type

                      |

                      Location

                      Job Title

                      Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

                      Apply Now