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No matter the size or type of your organization, data plays a major role in your day-to-day operations. It can be highly significant in influencing your business decisions. However, whether your data acts as an asset or a liability to your organization will truly depend on the way you collect, store, organize, manage, and make use of your data. While most organizations do have a method of gathering and storing information in databases, often such information is unorganized and unmanaged, thus defeating the very purpose of storing information.