Remember all that rift that went down between Huawei and America earlier this year? Do you remember what all that was about? Data. Yes, well there were ulterior motives but the real point in discussion came out to be data. America blamed Huawei for stealing data with its phone users and using it for purposes that apparently were in contradiction US policy on information.
Data vs Information
This was a huge issue because information is the most valuable thing in the world today. Huge corporations around the world want data so they could make the right decisions and influence their customers, governments want information so they can maintain the integrity and sovereignty of their nation, customers want information so they can make the perfect purchase and maximize their utility.
Everyone today wants data. Or do they? What everyone really wants is information; not data. The distinction between data and information depends upon the fact that data be it structured or unstructured, on its own, is not capable of driving decisions. Data has to be arranged to display trends and ideas that are meaningful, which constitutes information.
Making Decisions With Collected Information
This very information is then used to make decisions about the future that could prove pivotal in current times. For instance, looking at data, an organization may realize that Asian regions are one of the most cost effective and resourceful places for unskilled labor that could be used for manufacturing. This organization will most probably decide to locate their manufacturing unit in China.
This is exactly what major producers around the world including brands such as Samsung and Apple have done over the past couple of years. Just like this, a business must take measures to collect information from its customers so that this information can be used to create product offerings that appeals to customers in the future.
Ecommerce Information Collection and Updates
This is why when you shop for something over the internet, the seller would ask for personal information such as your name, email, frequency of purchase and will also sometimes ask for recommendations on improving their site. This data is stored in their database and can be used to optimize your website and offerings later on.
However, a very difficult question to answer is how long this information will be valid for. In the age of constant advancement, it is obvious that this will not be very long. As a result, organizations make use of a magento 2 reindex extension to constantly update their information. Without updated information, there is no point having the information in the first place.
But there is more to information than just updating it. The speed of these updates are just as important as the point of updating the data in the first place. Therefore, these very extensions serve an important role in the business world of today because decisions, when made without the backing of information, will always lead to disasters and failures.
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