Businesses have always maintained varieties of data in various formats, but many a times, it fails to serve the needs of the business itself. Decision makers, unlike now, did not have to deal with
business spaces of varied hues. They could process information in less formal ways and take decisions based on their experience.Today, information is crucial for businesses to maintain and sustain
a competitive edge. The quickness and confidence underlying important decisions will only come when good quality, timely and easily accessed information is available on hand.