Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

Advice For Effective Data Capture And Management

papers

Data is what drives decisions in business today. In addition to collecting and managing data about the things that go on within your own organisation every day, you also need to capture and manage data regarding your industry, your competition, and your customers.

Without the right strategy for getting this data and using it, however, you won’t be able to make use of data and the guidance that it can provide, so keep reading for some helpful advice:

Employ Data Capture Solutions.

To collect data, there are data capture solutions offered by professionals who can get the job done right in no time. These providers can extract data automatically from any form of paperwork, so if you have a lot of data on physical mediums and you want to make that data easier to read and manage by converting it into digital form, but you are not prepared to do all of the data entry manually, the right technology and team can do it all for you.

Use Voice Recognition Software.

If you do not wish to hire professionals to help you capture your data, you can invest in the right tools that will make the process a lot easier and faster. For example, if you invest in voice recognition technology, you can quickly convert your speech into text. Whether you are reading off sets of commands or you are using simple text, this is a great way to take a lot of information that is not yet in digital form and make it digital so that it can then be managed by your team.

Use an Automated Method.

By using modern technology, automated data capture makes collecting data a snap. Beware, though, that if you take this route, there will be a higher cost for getting started. You will need to purchase the right equipment, but it will eventually lower the overall operating costs associated with data capture over time. Put simply, automated data capture will include using a variety of methods, such as optical character recognition, intelligent character recognition, and optical mark reading, to name just a few. You can find the tools that work best for your needs and invest in those for your business.

Managing the Data.

Once you are done with the process of capturing the data and putting it into digital form, make sure that it is secure and private. Keep the text to a minimum so that the information will be easy to read and interpret. You don’t want any of your data to be unclear or inaccurate. And you also need to keep the data up to date by adding to it or removing irrelevant information, as needed, over time.

As you implement a strategy for effectively capturing data and managing it, you should find that the managers within your business are able to access and use the information that they need to make important decisions every day with greater ease. Investing in the right products and services will make all the difference, especially since data can be hard to work with.

Share

Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

Tagged as: ,