Thanks to ever-advancing software and hardware information applications such as radio frequency identification (RFID) tags and their electronic storage capabilities, organizations are awash in data. With this data comes responsibility - the responsibility to collect, process, generate and store data, which is nearly endless with such immense data volumes.

While capabilities such as RFID facilitate efficient inventory management or 24x7 online sales order processing, the value of the data changes once it has been stored. What is done with the data after it has been captured and stored determines whether it is a burden (liability) or a benefit (asset) to the organization.

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