Data is the most powerful information that an organization can generate. It provides a comprehensive view of almost any aspect of their business and is critical to their success. The data can be used to make informed decisions, track performance, and gain competitive advantages against other organizations in the industry. Data is the plural of data, which means a collection of facts and information. A single piece of data has been defined as a “numerical or symbolic representation of information to convey new or different information” by Merriam-Webster. The introduction of technology has made it possible for businesses to collect vast amounts of data to be used in many ways.