What is Data Management?
Data Management is significant but is still obscure despite the hype around big data, privacy and analytics. May don’t realise that data exists everywhere in our daily lives, from public bus systems, IP addresses, shopping. In fact, data is anywhere we need to identify or track something.
Data has to be gathered and structure before it can be used. The amount of data that is stored continues to grow every minute. That companies, big and small, need to manage their data for it to be useful is becoming more apparent. Those that do not understand the importance of data management are less likely to survive in the modern economy.
DAMA International is the leading professional association for Data Management practitioners. DAMA defines Data Management as the development and execution of architectures, policies and practices and that properly manage the full data lifecycle needs of an enterprise. Essentially, it’s the system that organises, maintains and supports the use of the growing amount of data or information accessible to an organisation
Excellent data management creates an opportunity to study trends and behaviour to identify strengths, weaknesses and opportunities to helps business and communities grow. It is important that the data cycle is managed well to ensure that only quality information is being used by an organisation. Acquiring accurate and quality information from a well-managed data system enables the organisation to make better decisions and strategies which lead to more efficiency, productivity and competitiveness.
There are different ways to implement data management and reap the benefits. You can learn more by contacting the professional team at Raedan Exchange