![]() This data and its insights is then made available to the management and employees of the organisation through computerized database. ![]() Some of the activities conducted after collection of data includes creating accounting reports, calculating sales estimates and creating invoices of customers. By accurately recording data, updating and tracking them on an efficient and regular basis, companies can address their challenges on one hand and make use of the immense potential offered by this sector on the other hand.By collecting minute and updated data, companies are using the said information to achieve their goals in a systematic way on one hand and empower their business in a strategic manner on the other hand. This in turn has created a completely new dimension of growth and challenges for companies around the globe. Database Management System – The world of data is constantly changing and evolving every second.
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