In concrete terms, what is a database? It is a structured system that allows you to store many types of information concerning your customers, your employees or even your orders.
When should you consider implementing such a system?
First of all, it allows an efficient sharing of information between all departments, because the information is gathered in one place.
Secondly, the more your business evolves and grows, the more data you will have to process, which is why systems like CRM (Customer Relationship Management) become a key tool to make every exchange between you and your consumers profitable.
To learn more about this type of database, check out this article.
Third, if you have important or confidential information, it is necessary to ensure that you limit access to this data by using tools that provides a high level of security.
Fourth, with databases, you can automate some of the work that needs to be done and therefore reduce the risk of redundancy or human error. According to Forbes, 57% of data scientists consider cleaning and organizing data to be the least enjoyable part of their job.
The fact that some of this cleansing can be done automatically is also a huge benefit, as it eliminates some of the work that is considered time-consuming and labor-intensive with no real added value.