The digital revolution has changed the way we create, process, and preserve data in our organizations. It is the 21st century and every company is moving towards the digital arena. The corporate sector too is pursuing a paperless environment where every single record item will be in a digital form.
The conventional business models that used to produce physical records are also looking for ways to move their information systems on a digital platform. The records that were kept and managed in large storerooms can now be accommodated in a small hard drive or a cloud server.
However, the need for archiving data is still there because the corporations have moved from hard copies to soft copies. So, they are producing records in the same capacity as before, which needs to be archived as well. Digital archiving is important for a corporate entity for a variety of reasons. Follow the post to find its significance.
Retaining Corporate History
Corporate history is the timeline of the struggles a business faced and the successes it achieved. It can be used as an inspiration for the new team or the CEO upon joining. It can prove to be an enticing leadership tool for the management to follow. Electronic record keeping is not only about how the corporation went well in the past, rather it drafts a picture of its future.
Corporations are required to retain their history for a variety of reasons. The beginning of most of the organizations is small and meager. They may not feel proud in the initial days. However, it can be an intriguing success story after a decade or two upon becoming a successful corporate entity. They can use the same for branding and promotions too.
Referencing for Sales and Marketing
The sales and marketing are evolving by every passing day. A corporation that used to promote their products through different print media may not work these days. However, the management may still need to see how sales and marketing were done in different phases of the corporate journey.
The management may refer to the product literature, photography, and marketing material from the past. It may help them know the consumers’ connection with the corporation so that the digital or electronic media can be used accordingly for the modern-day marketing challenges.
Research and Development
Corporations heavily invest in research and development so that their products and services can provide the ultimate solution to consumers. Every research follows a practical methodology that brings some facts into the limelight. Based on these facts, management can take decisions.
The digital archives that include extensive corporate research carried years back cannot be ignored as it can prove a clue for the advanced research work or the management can decide following up on a paper that was not taken to the development phase.
Trademark and Legal Security
Digital archives are as much important for a corporation as the workforce. Corporate entities are often subject to trademark and copyright infringements. Small businesses may use their name, logo, or branding efforts to make a profit off it and malign their reputation. To fight against such threats and combat any legal issue that may arise, digital archiving is a must for all.
The legal requirements of electronic record-keeping also differ from state to state. To comply with the rules governed by local bodies, chamber of commerce and industry, company registrar; data archiving is important. Its significance has made companies like Archive Technologies in Pakistan provide electronic record keeping services to the corporate community nationwide.
Digital data is prone to cyber and other malicious attacks. In the absence of an archiving strategy, the corporate data may reside in local computers or servers that are easily accessible by employees. Any disloyal employee may delete, modify, or leak the data for personal gains or maligning the organization.
Digital archiving becomes necessary for any corporation that is concerned about preserving its trade secrets and records with sensitive information. If a strong electronic record-keeping system is in place, only authorized personnel are allowed to access it. The limitation of accessing and modifying digital records ensures its security.
Increasing Employees’ Performance
Archiving is about preserving the inactive files and documents of corporate concern. Keeping the inactive files among those that are used in daily business operations, the employees may get confused, forget the actual files, commit grave mistakes, and destroy the entire records.
With digital archiving, a corporation can separate its inactive records, organize it, and archive it in a dedicated facility. They do not possess the day they no longer need, but they can access and retrieve instantly when need. Therefore, it increases employees’ performance in managing records as they can efficiently find the right file.
Corporations take great care in keeping every bit of detail that can be about the making process of their most demanding products or agreements with their manufactures and suppliers. Keeping such a record on company premises is an open invitation to lots of risks. Digital archiving is the right solution for it as it includes hiring a professional company for securing the corporate records for an agreed amount of time.