1.

cost effiecient
This is because it will allow your organization to avoid unnecessary duplication.
By storing and making all data easily referable it ensures you never have employees
conducting the same research, analysis, or work that has already been completed by
another employee.

2.Access information faster

your employees will be able to access information and be notified of market or
competitor changes faster. As a result, your company will be able to make decisions
and take action significantly faster than companies who have poor data management
and data sharing systems.