What Is Data Management?

Data Management is the field which handles the management of data within an organization as an essential source of analysis and decision-making. It encompasses a wide range of procedures that ensure that all information is available when required and can be relied on to drive action.

Effective Data Management enables organizations to make use of data as a strategic asset regardless of where it is within the enterprise, and with better visibility, reliability and security. It also enables scalability. It allows https://vdronlineblog.com/for-more-opportunities-with-board-room-software/ for quicker, more accurate, and more reliable analytics that provide competitive advantage.

Organizations are dealing with unprecedented quantities and varieties of data, which can provide important new insights into the operations of their businesses, but only if the data is managed and trusted. A poor data management strategy is costly and undermines the trust of people who depend on it.

Additionally, the proliferation of new data sources for personal information has brought a whole new set if challenges for compliance with consumer protection laws, including GDPR and the California Consumer Privacy Act (CCPA). Data management processes can assist to ensure that individuals are aware at the point of data collection and that they maintain control over their own data and that systems can easily be able to meet erasure or portability requirements.

managing your data requires an entire team of experts with different skills and roles such as data architects and stewards, to database developers and analysts. In larger companies data engineers and quality specialists who work on pipelines of data for business analytics are usually part of the team.