Data is a valuable asset for organizations today. However, without data management best practices, it could be easy to lose control over this important resource. From stopping data breaches and compliance violations to ensuring consistency accuracy, and security, it’s essential for businesses of all sizes to ensure their data is managed properly.
Data management encompasses a broad range of activities, from the organization of data storage to control of its format and usage. It also involves creating backups and disaster recovery systems and also the implementation of metadata management procedures to standardize and manage data definitions throughout your organization.
Data management is about making use of your data to meet goals for your business, improve marketing campaigns, improve future operations and reduce costs. It is the process that converts unstructured, raw data into useful data that you can use for your business analytics and intelligence applications.
Data management can improve your confidence in the company’s data and help you avoid errors and redundancies that can negatively impact your performance and result in costly fines or damage to your brand. It also helps you comply to various regulations, such as GDPR, HIPAA and protecting sensitive information from cyber-attacks.
A clear channel of communication, whether virtual or live between teams and departments members is another crucial aspect of data-management. This will ensure that everyone is on the same page. This means providing users with access to tools for data analysis that are easy to understand and use regardless of their technical skills.
