Data Management is a field of study which deals with the management of a company’s information as a valuable tool for analysis and decision-making. It encompasses a variety of processes to ensure that all data is accessible whenever needed and can be trusted to drive action.
Effective Data Management allows organizations to utilize their data as an important resource regardless of where it is within the organization. It improves security, reliability and visibility as well as scalability. It lets faster, more precise, and more reliable analytics that provide competitive advantage.
Organizations are dealing with unprecedented quantities and varieties of data that could provide valuable insights into the nature of their business but only if data is managed and trusted. A poor data management strategy is costly and erodes the trust of people who rely on it.
In addition, the growth of new sources of personal data has created a whole new set of challenges to compliance with consumer protection laws such as GDPR and the California Consumer Privacy Act (CCPA). Data management processes help ensure that individuals are aware of data collection, have control over their data, and are able to easily comply with the erasure requirements.
To manage your data, you need an entire team of experts who have distinct expertise and roles such as data architects and stewards, to analysts and developers of databases. In larger companies the team typically includes data engineers and quality professionals who are working on data pipelines to aid business analytics.
