data-consolidation

Vocabulary Word

Definition

Data-consolidation is the process of gathering and combining data from different places into a single place or system. It's like organizing a library of books from different genres into sections.

Examples in Different Contexts

In IT infrastructure, 'data consolidation' refers to the optimization of data storage by centralizing data storage solutions. An IT manager might state, 'Data consolidation improves our data management efficiency and reduces IT costs by minimizing the need for multiple storage systems.'

Practice Scenarios

Marketing

Scenario:

We are getting good customer insights, but they are scattered across different communication channels. Maybe we need a unified perspective...

Response:

I agree. With data-consolidation, we could achieve better understanding and tracking of all customer interactions across different channels.

Business

Scenario:

We have financial numbers coming from various departments. To present an overall picture, we might have to combine them...

Response:

Data-consolidation could be the way to go. It would give us a clear financial overview of all departments.