What Is Data Management?
Data Management is the field that manages the handling of data within an organization as a valuable resource for analysis and decision-making. It encompasses a variety of procedures that ensure all information can be accessed whenever needed, and that it can drive decisions.
Effective Data Management allows organizations to make use of their data as an asset of strategic importance, regardless of https://vdronlineblog.com/how-to-seamlessly-move-and-manage-data-in-the-cloud-with-virtual-data-rooms/ its location within the company. It improves security, reliability and visibility and also allows for the possibility of scaling. It allows for quicker, more accurate, and more reliable analytics, which can provide competitive advantages.
Organizations are confronted with unprecedented quantities and kinds of data, which can provide valuable new insights into the business’s performance, but only if the data is managed and trusted. A poor data management strategy can be costly and undermine the trust of those who depend on it.
The proliferation of personal data sources has brought new challenges to comply with consumer protection legislation like the GDPR or California Consumer Privacy Act. Data management processes ensure that individuals remain aware of the collection of data, maintain control over their data and are able to easily comply with the requirements for erasure.
Data management requires a team with specialized skills and roles. These vary from data architects, analysts and database developers to data stewards. In larger organizations data engineers and quality specialists who are involved in data pipelines for business analytics are often included in the team.