Business data communication is the method of disseminating information to the various stakeholders within a company. This information can be in the form of statistics, trends, and other data-driven insights. Effective business data communication requires making these insights clear and understandable to different groups. The stakeholder is less likely to take action on information they don’t understand or trust. For data-driven insights to be shared, it’s essential to have solid analysis skills. However writing skills are just as crucial. Writing clearly and concisely in reports or presentations will help avoid confusion and misinterpretation.
There are several business data communication models dependent on the kind of data must be sent and the level required for security. One of the most popular models is the publish-subscribe one, which utilizes a broker to provide information to subscribers who have expressed an interest in it. Other models are created for improving the value, accuracy or reliability of data making use of aggregates, transformations, and analytics.
Another purpose of business data communication systems is to enable virtual organisation, allowing staff to work from their homes or anywhere in the world, without being limited by office location or time zones. This enables employees to collaborate with colleagues remotely, saving expenses for overhead and improving customer service.
Furthermore, the ability to effectively communicate data can help businesses to identify problems or issues that require improvement. This allows them to take steps to improve their products and service. For instance, if customers are dissatisfied with the quality of a product or service, they could be asked to provide feedback and suggestions through surveys of customers and other data communication tools.