Data informs decision making, and your business creates countless data throughout the course of its operations. However, metadata—or data about data—offers a unique opportunity to businesses that understand how it works, particularly in the realm of business intelligence (BI) or business analytics (BA). Let’s discuss the importance of metadata and what your company can glean from it.
It has become evident over the past several years that understanding how to use all the data that your business creates and obtains has been viewed from many different angles. Metadata is all the underlying information about data.
“It’s as if a thousand stores cried out in terror.” This was the case February when RadioShack filed for Chapter 11 bankruptcy and announced plans to sell between 1,500 and 2,400 of its stores. For anybody with an affinity for technology, this announcement is sad news. Let’s honor the passing of an American institution by taking a look back at the Shack.
As a business owner, you know that the key to the path of your success is in the relationships that you forge along the way. These same relationships can be just the boost you need to get the edge on your competitors and knock them out of the game. It all comes down to your communication with the your surrounding community.