Data Classification is a tool that works through the process of systematic gathering and measurement of information in a fashion that enables an organization to address the issues covering data types, data locations, inventory, accessibility, protection and compliance to aforesaid regulations. And ultimately, categorising the gathered data types in to several classes.
The bridge of knowledge between the users of the information and the process of working out the data is most prominently classified as data collection or an organized form of data. Data Classification standard plays a vital role in categorizing data into several types as under information classification, legal procedures and processes and adherence to policies and regulations.
The importance of data classification methods in everyday work life can be stated under the following heads:
- Efficient risk management.
- Easy accessibility to data and related items.
- Data encryption simplification.
- Data Indexing acts as an aid to time management.
- Time and effort saving.
The data classification process is designed in the following manner:
- Determine the customer needs for the data
- Make a choice for data collection method
- Collect the relevant data
- Sort, classify, tabulate and represent data
SoftNis is a prominent industry leading data management organization which takes care of the emerging requirements and customer trends in the market. SoftNis has a major work area of improvising data classification techniques. Our growth chart has been reaching the sky highs as we have gained industry wide acceptance for being great data classification service providers. Our growth rates have been growing due to quality work performance, value for price experience and professional management. Our data practices have evolved over the time, and we have covered areas as UNSPSC, HCPCS, NAICS as well as SIC.
Types of Data Classification:
UNSPSC is a Four-Level Hierarchy and each Product is represented by a 8 Digit Numeric Code, with an optional Fifth Level adding Two more Digits. The latest UNSPSC 16th Version, Released February 2014, contains over 50,000 Commodities. READMORE…>>
Healthcare common procedure coding system is a classification system for health care procedure codes built on the American medical association’s current procedural terminology. This is a standardized coding system for health care specific items and services. Public and private health care organizations schemes and plans use HCPCS codes. READMORE…>>
For categorization of suppliers into strategically important suppliers and critical suppliers that have a say in your business, you need to make the difference evident and have to state them in formal terms. The classification adds to the proper allocation of the appropriate resources that further lead to development and management of your business relationship. READMORE…>>
The North American Industry Classification abbreviated as “NAICS” is a code used in the United States, Canada and Mexico for classification and the measurement of the economic activity in these countries. It is a standard 6 digit code which is used for industry classification by federal statistical agencies. NAICS is a standard industrial classification code, and it is used very extensively for the purposes of auditing, identifying government contracts, analysis and the presentation of data and so on. READMORE…>>
Standard Industrial Classification (SIC) codes are the four digit numerical codes designated by the Government of United States of America as the basis for the establishment of business entities to identify the primary business policies. The codeswere classified in order to develop the grounds for are liable facilitation of collection, presentation and analysis of the data. The other motive of the codes is the promotion of uniformity standards and comparability levels for the presentation of statistical data collected by various agencies of the federal government, state agencies as well as private organizations. READMORE…>>
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