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What Is Data Management?
Data Management is a discipline that is concerned with the management of an organization’s information as a powerful tool for analysis and decision-making. It covers a broad range of processes that ensures that all data is accessible when needed and that it can be relied on to drive actions.
Effective Data Management allows organizations to utilize their data as an asset of strategic importance regardless of where it is within the company. It gives better visibility, reliability and security, while also allowing for the possibility of scaling. It allows faster, more accurate and more reliable analytics that provide competitive advantages.
Organizations are confronted with unprecedented volumes and varieties of data that could provide valuable insights into the dynamics of their business but only if the data is managed and trusted. Data management that is not well-organized can be costly, and it can undermine the trust of those who rely on it.
In addition, the growth of new sources of personal information has created a new set if challenges for compliance with consumer protection laws, including GDPR and the California Consumer Privacy Act (CCPA). Data management processes ensure that people are kept aware of collecting data, and maintain the control over their personal data and can easily meet the erasure requirements.
To manage your data, you need a team of specialists with different roles and skills including data architects and stewards, to analysts and developers of databases. In larger organizations the team is often comprised of quality engineers and data engineers who are working on data pipelines to support business analytics.