The Importance of Data Management

The management of data is essential to an effective business. It is also vital to achieve data integrity and trust which will translate into higher productivity, efficiency and profits.

Data management is all about establishing a consistent process for storing, collecting and organizing, defining metadata and risk-profiling as well as cleaning and protecting data. It’s about ensuring that the right people have access the appropriate data at the right time without violating privacy laws or other regulations. It’s about ensuring that the data is fit for purpose across all departments and applications, regardless of whether it’s from web services batch, real-time, or sensors/IoT workloads. It’s about keeping data safe and secure from breaches, and also facilitating auditing and compliance functions.

The first step towards effective managing data is to have a clear picture about the information that is vital to your department. A good start is gathering input from people throughout the organization who really understand the data that departments use and the reasons behind it. This can help create plans for calculating estimations of data usage, setting guidelines for accessibility, establishing methods to archiving data, determining the right of ownership and stewardship.

Next, make it your point to ensure the systems that house business data work together and share data. This can help prevent redundancies which can our website lead to duplicate metrics being pulled from the same set. It also helps stop inconsistencies which can occur when data is stored in multiple systems (such as inventory, point of sale and manufacturing). It is important to ensure that processes are in place to handle this.