Tag Archives: Data Security

When managing your supply chain, it’s crucial to be aware of the latest technologies and how to integrate them with your existing systems. Doing so will optimize the efficiency of your operations and boost transparency. To benefit from updated technology, you may first encounter some obstacles during implementation.

This article explores common barriers to adopting technology and provides strategic insights into overcoming these obstacles so your organization can maximize the benefits of technology advancements.

Common Barriers to Tech Adoption and How to Overcome Them

As you participate in the global supply chain systems, you may encounter a variety of common barriers to adopting technology effectively. Common barriers include:

Integration complexities

If you’ve been in business for a significant amount of time, your team will likely have legacy systems that are challenging to integrate with emerging technologies. It’s best to integrate new technologies slowly and methodically.

Prudent managers will create change management strategies to ensure the process goes more smoothly. Companies can work with supply chain integration services, which cover strategic decision-making and setting up integration teams when working with new technology solutions.

Budgetary limitations

One common objection in management to deploying modern technology is the expense of investment and maintenance. But you have to spend money to make money and avoid the opportunity cost that would result from failing to adopt a promising technology.

A strategic move would be to demonstrate the return on investment in Software as a Service, or SaaS, and how adopting new technologies will provide you with significant long-term savings.

For example, you can calculate how much money your organization could save if you migrated data and software services to a cloud computing solution, which would have a dedicated staff of IT experts keeping watch over your information. This will be less expensive than maintaining your own data servers and trying to predict how much capacity you’ll require.

Cloud computing lets your supply chain stakeholders connect to data from any location safely and securely, fostering greater collaboration using mobile devices when they’re not near a desktop computer.

Data security concerns

As you adopt new technology, you must understand the security implications of its use. Criminal hackers may try to invade the privacy of employees who maintain your supply chain.

They may attempt to breach your network with malware — which can lead to theft of intellectual property or lock down data during a ransomware attack — and threaten to not restore access to crucial information until you pay the ransom. You’ll want to implement advanced protocols to ensure optimized cybersecurity. It’s prudent to make sure you comply with global data privacy restrictions.

Workforce training needs

You may have been facing a shortage of skilled workers who can help you deploy and manage new supply chain technologies. Accordingly, you’ll need to invest in development and training.

Often, it’s best to partner with external consultants, whether you’re improving your onboarding process or overhauling the ongoing training you provide to long-standing members of your team.

You want to engage your employees so they can work to their maximum potential within the supply chain. For example, give them wearable mixed reality devices to provide them with additional content to enhance how they carry out complex tasks and work more safely.

Without the Latest Technology for Supply Chain Integration, You May Fall Behind the Competition

Owners and managers of businesses with significant reliance on the global supply chain cannot keep their heads in the sand regarding technology. It pays to hire supply chain experts with a background in technology to pave the way toward optimized integration.

Companies without in-house expertise can partner with firms that specialize in supply chain integration services. Doing so will help you maintain a competitive edge and work more efficiently and transparently.

 *This article is written by Gary Brooks. Gary is the CMO of ketteQ and has more than 25 years of experience leading marketing for top software companies. Brooks has been featured in major publications such as Forbes, VentureBeat, ZDNET, Equipment World, Nikkei, Manufacturing Business Technology, Supply & Demand Chain Executive, and Field Service News, among others. Brooks holds a BS from Northeastern University and an MS, Management from Lesley University. He also is the co-founder of the Brooks Family Foundation.

Back to top ↑

As businesses continue to produce massive amounts of data in today’s world, effectively managing and leveraging this information has become a major challenge. One crucial solution to this challenge is data archiving.

Keep reading to learn more about the significance of data archiving in enhancing operational efficiency, and why it’s a critical step for any business looking to streamline its processes and maximize its potential.

What is Data Archiving?

Not all data is equally important, and not all data needs to be accessed frequently. This is where data archiving comes in. It’s the process of identifying and separating inactive or infrequently accessed data and storing it in a separate location for long-term retention.

By doing so, data archiving helps free up valuable space on primary storage systems, which in turn reduces storage costs and improves system performance. Data archiving involves a careful analysis of data based on its importance, age, and frequency of use. This ensures that important data remains easily accessible while less important data is stored in a cost-effective way.

Data archiving not only helps improve operational efficiency but also provides businesses with several other benefits. For instance, it can help companies meet legal and compliance requirements by ensuring that they retain data for the required period of time. It also helps in securing sensitive information by isolating it from active data and providing additional security measures.

Why is Data Archiving Important for Operational Efficiency?

Data archiving is a powerful tool that can significantly improve operational efficiency. Freeing up primary storage systems from inactive data allows businesses to reduce the amount of data that needs to be processed, which can lead to a faster access to active data. This improved access to data can result in faster response times for critical business processes, which can ultimately lead to a boost in overall system performance.

When business operations run smoothly and efficiently, organizations can better allocate resources, reduce costs, and ultimately achieve their objectives more effectively.

For instance, consider a supply chain management firm that generates large amounts of data on a daily basis. With data archiving, the firm can move inactive data to less expensive storage options, freeing up space on primary storage systems.

This leads to a faster access to active data, which can improve order processing times and reduce delays in product delivery. By optimizing its operations in this way, the firm can streamline its supply chain, reduce costs, and ultimately deliver better outcomes for its clients.

Data archiving can also help organizations respond more quickly to changing market conditions. Businesses can quickly adapt to shifting market demands and customer preferences, ensuring that they remain competitive and responsive to the needs of their customers. When business processes are streamlined and optimized, organizations can operate more efficiently, make better decisions, and achieve their goals more effectively.

Cost Savings

One of the key benefits of data archiving is that it can lead to significant cost savings for businesses. By relocating inactive data to more cost-effective storage options, such as tape or cloud storage, businesses can reduce their overall storage costs.

This is particularly advantageous for organizations that generate large amounts of data, as the cost of primary storage systems can be quite expensive. Implementing data archiving strategies helps businesses optimize their storage usage, reduce their expenses, and ultimately improve their financial performance.

Compliance and Legal Requirements

In today’s regulatory environment, many businesses are required by law to retain certain types of data for a specific period of time. Failure to meet these compliance and legal requirements can result in severe penalties and fines.

By storing data in a secure and easily accessible location, data archiving helps businesses meet these obligations, ensuring compliance with legal and regulatory requirements. Add implementing data archiving practices, businesses can mitigate the risk of legal penalties and fines, and focus on their core operations.

Data Security

Data security is a top priority for any business that handles sensitive information. Data archiving can play a significant role in improving data security by separating inactive data from active data and applying additional security measures.

That way, data archiving helps reduce the risk of data breaches and unauthorized access to sensitive information.

Implementing data archiving practices enables businesses to better safeguard their data, reduce security risks, and protect themselves and their customers from potential harm.

Business Continuity

When it comes to business continuity, data archiving is a crucial component of any disaster recovery plan. By storing data in a separate location, businesses can recover critical data more quickly in the event of a disaster or system failure. This means that businesses can resume their operations faster and minimize the impact of any interruption.

Data archiving is an essential practice for any organization that values continuity and resilience and can provide peace of mind in the face of unforeseen events. Implementing data archiving strategies helps businesses prepare themselves for any eventuality, and ensure that they are well-positioned to weather any storm.

Wrapping up

In today’s data-driven world, data archiving is a game-changer for businesses dealing with massive amounts of information. It’s the key to unlocking faster access to essential data, cost savings, legal compliance, data security, and uninterrupted business operations.

In other words, implementing a data archiving strategy is the ultimate solution for businesses looking to level up their game and achieve peak efficiency. So, don’t wait any longer; it’s time to archive your way to success!

*This articles is written by Mina Klein. Mina is a passionate tech and business blogger. She is interested in topics that cover data regulation, compliance, business communication, digital marketing, and social media.

Back to top ↑