DATA SECURITY: THE NEW CURRENCY

DATA SECURITY: THE NEW CURRENCY

Automotive Recycing Magazine, by Caryn Smith. Read the original article here.

It is not a new topic, and often it’s misunderstood, but it is one that has some automotive recyclers taking a second look. Data is the new currency – the most valued of all information. As they say, information is knowledge and knowledge is power. Data is the writer of the future, and the story gets told pretty accurately based on data’s previous predictable patterns.

Your electronic data, personal and business-related, contains the digital DNA of you, your business, your circle of influence, i.e.: friends, family, peers, employees … dare we say … customers. For each of these groups, your data includes personal preferences, buying habits, financial information, and more, for the whole bunch – but most of all of you, and your company.

Every business owner, at minimum, should understand how data works. What is done with the knowledge is your preference.

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