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Major problems companies have in managing data and Solutions

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What are some of the major problems companies have in managing their data? What solutions would you propose?

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Solution Summary

The major issues involved in managing the data of companies are briefly explained. This is followed by some proposed changes or solutions that can be adopted by the companies to get rid of these issues.

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What are some of the major problems companies have in managing their data? What solutions would you propose?

Major issues include high level of paper work and lack of integration among teams. Also the data monitoring and data entry for several companies is outsourced to other companies where the chances of data entry errors are high thereby causing errors in the overall functions. Also, companies face issues where the knowledge and data required is present in the company however due to lack of an appropriate medium of information transfer the knowledge is wasted or is stagnant. There are several solutions that companies can use to correctly maintain the ...

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