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What’s the most valuable resource in the world? According to The Economist, it’s data. If you haven’t noticed, data is all around you. Major corporations are investing in tools that help them capture and process data and then classify what they’ve harvested. And with the rising importance of data comes a need to understand the steps in the data management process.

For example, when you browse a typical website, the site might be capturing your behavior. Which links do you click? Where’s your mouse located on the screen? All this data is of great importance for optimizing a website and leading visitors to key pages, such as an online store.

In short, data can help your organization increase profits and reduce costs. Want to learn more about data operations? Learn the basics of DataOps here.

This post will explain why data management matters and which steps you’ll need to take to implement a successful data management process. Let’s start by exploring the importance of data management.

Continue reading “What Are the Steps in the Data Management Process? 10 to Know”

Data masking helps you and your organization improve data security. The term means hiding sensitive information but keeping it useful and realistic, so you can continue to develop and test with it while keeping it private. Many companies underestimate the power and importance of data masking. According to IBM Security, the average cost of a data breach has reached almost $4 million. Therefore, it’s essential to shore up your data security, no matter the size of your organization.

Data masking personally identifying information (PII) may include many techniques, such as data shuffling or data substitution, that help you make data unidentifiable. It’s an important aspect of data security that every organization should care about.

This article will help you understand what data masking is and why it matters. Further down the line, we’ll discuss a few data masking techniques—including one that isn’t recommended for most types of sensitive data. But first, let’s discuss data masking in general.

Continue reading “How to Mask PII Data: A Guide With Examples”

In today’s digital-driven age, keeping business and customer data secure is more important than ever before. Not only are data breaches extremely costly, they’re also incredibly disruptive to business. Once a breach occurs, organizations have to move quickly to remedy it. Let’s hope customers won’t be too upset when they find out what’s happened.

Just how expensive are breaches? Hold your breath. A recent study revealed that the average data breach sets a company back $3.9 million. More granularly, they can expect to pay about $150 per compromised record. The price tag is even heftier in the healthcare industry, with the average breach costing upwards of $6.45 million. What’s more, U.S.-based companies feel the brunt of the pain, with the average data breaches setting them back $8.19 million.

But, when it comes to data security, financial impacts aren’t the only thing to worry about. Businesses need to be mindful of several other serious consequences, including theft of intellectual property and unhappy customers.

Continue reading “What Is Data Security? A Complete Guide”