Information Management Challenges – Exponential Power Curve Growth
Wireless technologies such as Bluetooth have liberated data as it can be transmitted and collected wirelessly from just about any device with very low power requirements to your mobile phone. As sensors and mobile phones continue to proliferate, the data that they collect continues to multiply at geometric rates. And as data expands, software companies are inherently born to analyze, make sense of, and monetize the data. Whenever you have large amounts of data, be it in the healthcare industry or financial industry, not only are companies trying to analyze and aggregate their own data, but they are also figuring out how to merge and combine with related (and sometimes unrelated) data to develop useful insights.
Software Becomes Integral to Almost Any Business
With the exponential growth of data, traditional hardware companies have now found themselves in the software business. Today, audiophiles must use software to operate and connect their high-tech speakers whereas only 10 years ago, they were mostly concerned about what gauge cable to use to connect them to their amplifier. Even garage door openers have become software companies, now collecting data on when you open and close your door. This has all just been one small piece of the so-called “Digital Transformation” whereby just about every business is seeking to leverage technology to drive their business forward in a variety of ways thereby increasing their efficiency and competitiveness while also offering more and better products to their customers, faster.
Key Drivers to Success
Driving efficiency, and offering better products, at a faster rate of change and improvement requires understanding your customers and your own internal business processes. To maintain sales growth while satisfying existing customers, companies are focusing on gathering and managing information to create actionable initiatives such as:
- Increasing customer loyalty and satisfaction
- Measuring programs in financial terms
- Delivering actionable metrics and analytics
- Aggregating both related and unrelated data to create new actionable insights
- Creating datasets for learning purposes for their machine learning and artificial intelligence initiatives
Harvesting Knowledge From Information Has Many Challenges
- Integrating legacy systems while balancing cost and maintenance
- Analyzing information to gain real knowledge and insight
- Ensuring data integrity and security across information silos
- Maintaining performance as “big data” gets even bigger
XBOSoft works with clients to understand and solve these challenges on the front line. Our QA best practices and data-validation-driven software testing ensure that your software secures and manages information to provide real, actionable business intelligence. For more information, contact us.
What our clients have to say…
What our clients have to say…