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Do you know what the most important online asset of your company is? It is the company’s data, or its intellectual property. Data loss, theft and exposure are all very real threats to your company’s data. These are unavoidable and real dangers that have become normal for modern day businesses. Among other reasons, these dangers can be attributed to fraud, digital attack, human error and corruption.

Fortunately, consistent and real time data audits can help provide a strong defensive strategy for your company and can be used to help protect your data. All areas of your business will benefit from data quality audit tool guidelines that have been implemented into your company’s business plan. In fact, there are several ways in which data management solutions can protect your business.

Data Quality Audit Tool Offers Risk Mitigation

A data quality audit will help to mitigate potential risks in your company. This audit will make all areas of your business more transparent while also showing any transactional and/or structural changes. This transparency will result in data recovery that is faster, more cost effective and easier.

Monitor Activities

A data quality audit tool will, furthermore, allow all approved administrators to monitor the company’s activities in real time. By consistently monitoring the data enhancement, administrators will be able to pull the data offline before a major incident occurs.

Theft Deterrent

The mere presence of data auditing processes can help prevent theft. These processes can also prevent misuse of the data and make employees think twice while interacting with sensitive company data.

Reduce Online Compromisation

Organizations that are proactive about protecting their data have a greater chance of significantly reducing any consequences due to data being compromised online. Given that security breaches put your company’s reputation and finances at risk, noncompliance with regulatory requirements can be detrimental to your business.

Today’s modern businesses must maintain proper data quality documentation to prove that they are in compliance with government regulations such as Gramm-Leach-Bliley and HIPPA.

The Best Way To Simplify Data Auditing

Although you want to ensure that your data is protected and can be recovered in case it is compromised, you will want to ensure this process is as efficient as possible so you can spend more time focusing on making money. When business owners consider various data solutions and the amount of data that is contained within their companies, they quickly realize that data auditing can become an extremely time consuming and expensive process.

This is one of the reasons why many business owners avoid the process of data auditing completely. They prefer to face the consequences as they occur. However, automation can make the process easier and more manageable.

Automation is a scalable process that will help minimize the burden that is placed on managers and employees. An automated system will not require much human intervention. This means that they can adapt to changes within the company, and they are less susceptible to error.

Having data quality auditing tool guidelines in place will ensure that your company’s intellectual property is protected. This protection will help maintain your company’s reputation and information.

The author:

RingLead offers a complete end-to-end suite of products to clean, protect and enhance company and contact information, leading to improved organizational efficiency, reliable business intelligence, and maximized ROI on CRM and marketing automation investments.Since 2003 RingLead has helped solve the dirty data problems of large enterprises, Fortune 500 companies and small businesses across the globe.