How important are databases at the business level?

Databases are highly relevant on a personal level, but even more so, on a business level, and are considered one of the greatest contributions that computing has made to companies. At present, any organization worth its salt, no matter how small, must have a Database, but for it to be as effective as it should, it is not enough to have it: you have to know how to manage them.
In the event that our company does not have a person in charge of this work, there is the possibility of hiring an external company to take care of it.
The main utilities offered by a database to the company are the following:
Group and store all company data in one place.
Facilitate data sharing between different members of the company.
Avoid redundancy and improve the organization of the agenda.
Carry out an adequate dialogue with clients.
If a Database is managed properly, the organization will obtain different advantages. Its efficiency will increase, there will be jobs that are carried out with greater speed and agility due to their simplification, we will be able to improve the security of the data we store, and with all these factors, we will maximize time and therefore, there will be an improvement in the productivity.
These functionalities will add value to the company, since with a correctly formulated database, we will ensure that information and knowledge are the greatest assets of the company, we will be able to get the most out of the skills of our collaborators, as well as find out data of our potential customers. Finally, since information is power, the more data we have, the greater the competitiveness of the company.