Business data communication is the transmission of data across business networks to facilitate various functions. It is possible to facilitate this using wireless, wired or satellite technology and can be synchronous or asynchronous. The synchronic model allows for the sending of real-time data to multiple recipients at once, while the asynchronous model allows to send and receive data at different times. Data communication systems must be able to identify and rectify transmission errors. This is accomplished through the process known as cyclic redundancy check (CRC) to verify the accuracy of the data received.
Businesses spend a lot of time and effort collecting and analysing data to gain insights that can help improve performance. However, these gains can be wasted if the data isn’t effectively communicated within the organization. Effective internal data communication requires a thorough knowledge of the language of data as well as an ability to extract valuable information and present it in a manner that is easily accessible.
Additionally, companies must also ensure that employees are aware of the information they require to effectively perform their duties. This means identifying the best ways to communicate that meet the needs of every team member and integrating data driven insights into the work processes. For instance, employees in the C-suite may require detailed information while frontline employees may need specific and actionable information.
Effective data communication helps businesses stay up-to-date with the latest technological and business developments. This will help them make better decisions, which will lead to increased profits and competitive advantage. For instance, a business might use its data communication system to provide alerts about market trends, sales and customer behavior. It can also use data communication to work globally with suppliers and partners, or outsource certain functions to lower costs.