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Business data communication is the process of distributing information to the various stakeholders within an organization. This information may be presented in the form statistics, trends and other data-driven insights. Effective business data communication requires making these insights clear and understandable to different types of audiences. Stakeholders are less likely to take action based on information that they don’t fully comprehend or trust. The ability to analyze data is essential to communicate data insights, but equally important are excellent writing skills. Writing clearly and concisely in reports or presentations can prevent confusion and misinterpretation.
There are a variety of business data communication models that exist, depending on the nature of the data that has to be sent and the level of security required. One of the most popular models is the publish/subscribe model. This model makes use of an intermediary who distributes data to subscribers that have expressed an interest. Other models are designed to increase the value, validity or reliability of data via transformations, aggregations, or analytics.
Another benefit of business data communication systems is to enable virtual offices, allowing employees to work from their homes or anywhere in the world without being constrained by office locations or time zones. This allows employees to work with colleagues remotely, saving on overhead costs and improving customer service.
Furthermore, the ability to effectively communicate data can help companies identify problems or issues that require improvement. This lets them take action to improve their offerings and services. If customers are not happy with a service or product and want to improve it, they can be asked to give feedback and suggestions via surveys from customers or through data communication tools.