Types of Organizational Data

Types of Organizational Data

Traditional Data

Corporate data includes personnel information, intellectual properties, and financial data. The personnel information includes application materials, payroll, offer letters, employee agreements, and any information used in making employment decisions. Intellectual property, such as patents, trademarks and new product plans, allows a business to gain economic advantage over its competitors. This intellectual property can be considered a trade secret; losing this information can be disastrous for the future of the company. The financial data, such as income statements, balance sheets, and cash flow statements of a company gives insight into the health of the company.

Internet of Things and Big Data

With the emergence of the Internet of Things (IoT), there is a lot more data to manage and secure. IoT is a large network of physical objects, such as sensors and equipment that extend beyond the traditional computer network. All these connections, plus the fact that we have expanded storage capacity and storage services through the Cloud and virtualization, lead to the exponential growth of data. This data has created a new area of interest in technology and business called “Big Data”. With the velocity, volume, and variety of data generated by the IoT and the daily operations of business, the confidentiality, integrity and availability of this data is vital to the survival of the organization.

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