Data Management is the field that deals with the handling of data within an organization as an invaluable source of analysis and decision making. It covers a broad array of processes that ensure all information is available whenever needed, and that it can trigger action.
Effective Data Management allows organizations to utilize their data as an asset of strategic importance regardless of where it is within the enterprise. It improves visibility, reliability and security while also allowing the possibility of scaling. It helps speed up, more accurate and more reliable analytics that provide competitive advantages.
Data is a valuable asset for organizations but only if it’s properly managed and backed by trust. A poor data management strategy is costly www.vdronlineblog.com and undermines the trust of people who rely on it.
The explosion of personal data sources has created a new set of issues for ensuring compliance with consumer protection laws like the GDPR and California Consumer Privacy Act. Data management processes can assist to ensure that individuals are aware at the point of the collection of data and that they maintain control over their personal data and that systems are able to comply with erasure and portability requirements.
Data management requires a team with specific skills and responsibilities. These range from data architects, analysts and database developers to data stewards. In larger organizations, the team often includes experts in data engineering and quality who are working on data pipelines that support business analytics.