1. Derivable Insights
Many big companies are deriving lots of valuable insights from archived datasets this greatly allows them to execute and review their business strategy.
Today archived datasets equals valuable insights when processed with the right technology.
2. Democratization of Software Technologies
Today a huge number database management software vendors exist in the market place, this wasn’t the case some 30 years ago ,from Oracle, Microsoft Sql Server,MySql,Microsoft Acess,PostgresSql ,Teradata etc.
The list is nearly endless, presently opportunities towards archiving datasets for both small and enterprise business is very encouraging.
3. Your Rival Maybe Doing It (Archiving Too)
Yes certainly, it most likely your competition has in place a good information management strategy giving them a very crucial edge over you.
4. Improved Hardware Technologies
Decades ago we had constraints related to limited capacity of our storage devices. From cassettes to floppy disk drives, thumb drives, hard drive. Today improved technologies has made it possible for us to store gigabytes, terabytes, exabyte and petabyte of datasets (On site and off site provisions)
5. You could make a lot of Money from Archiving Data
Google is one of the most valuable companies today, yes we all know but do we know why that is??? , answer it due to the very fact that google archives lots of search queries by its users. Data is very a crucial ingredient credited for many success stories. Numerous cases of big enterprise legally making acquisition of data warehousing companies others pay a huge amount of to data warehousing companies for access to its datasets (troves)