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6 Startup Data Management Errors and How to Avoid Them

When it comes to startups, every minute counts. As such, every moment spent on errors is taking away from your time.

We understand this, which is why we’ve compiled a list of data management errors commonly made by startups. Knowing what to look out for can help save you time both now and in the future.

Here are the most common startup data management errors that you need to be on the lookout for.

1. Failing to Back up Data Regularly

Without regular data backups, a company risks losing valuable customer, financial, and operational information in the event of power outages, technical malfunctions, or other forms of data loss. To avoid this error, businesses need to develop a formal system for consistently backing up data to a secure storage service, whether that is a cloud storage environment or locally connected hardware.

2. Not Protecting Data With Access Control

Data should be kept in secured storage and any access should be monitored and restricted to authorized personnel. It is important to ensure that all employees are aware of startup data security protocols and that they follow them without fail. It is recommended to use a combination of user authentication, authorization, and encryption to ensure adequate data protection.

3. Ignoring Regulatory Compliance Requirements

Ignoring these requirements can lead to serious financial and legal consequences if proven. To prevent this, startups must seek out legal expertise. This is to ensure they are properly adhering to all relevant legislation and regulations.

This includes obtaining the appropriate consent from users. You must also follow data security protocols, and protect the data from unauthorized access.

4. Neglecting Disaster Planning

Having a strong disaster plan in place is critical to ensure that data, records, software, systems, and other critical assets are secure and recoverable when unexpected disasters arise. For start-ups, it is recommended to create an on-site backup system and an off-site secure backup location.

5. Forgetting to Update the Software

Without updates, the software could become vulnerable to cyber attacks, data breaches, and even economic losses. The best way to avoid this problem is by setting up a system to track software updates and ensure that all applications are updated regularly.

6. Not Using a Data Cleansing Process regularly

Without a data cleansing process, data accuracy can suffer and important decisions based on inaccurate data can lead to negative impacts on the business. This process should be regularly employed to maintain the accuracy of their data and ensure that they are making decisions based on accurate and timely data.

By visiting https://www.derivita.com/actionable-assessments, you’ll understand how startups can gain access to real-time data reports. These are needed for actionable strategic planning.

Avoid These Startup Data Management Errors

Data management is a critical factor in the success of any startup. To ensure quick growth and operations, startups should focus on setting up and following data management best practices.

The most important step is to establish clear roles, responsibilities, and protocols for data collection, storage, and maintenance. Get your data management initiative and avoid these startup data management errors

Make sure to browse our other articles for more startup tips and advice.

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