What is data democratization?

1/3 of executives say information silos are the main obstacle to extracting business value from data.

Data silos happen when different departments start collecting data in different places and (unintentionally) make it difficult to access info across an org.

Data democratization, on the other hand, means storing your data in a central location and enabling non- technical users to make data driven decisions.

What does that look like in practice? If a utility company for example wants to provide more accurate customer billing info, they need both customer info and utility consumption info.

If that data is stored in two separate places, providing accurate and real-time energy consumption info to customers is tricky.

The good news is that moving to a cloud platform democratizes your data, and with privileged access management, you can keep all your data in one place and make sure nobody is accessing data they shouldn't have.

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