Data is the new currency in the digital age.
Modern businesses’ success lies in their ability to harness and derive value from the colossal volumes of data at their disposal.
Data management involves the process of ingesting, storing, organizing, and maintaining the data collected and created by the organization.
Data is considered a corporate asset that can be leveraged to improve marketing initiatives, business operations, and cost-saving measures, aiming to boost revenue and profits.
On the other hand, poor data management can cause organizations to struggle with inconsistent data sets and data quality problems making it difficult for them to run business intelligence (BI) and analytics applications leading to inaccurate results.
Data management
A key component of implementing IT systems that power business applications and provide analytical data to support decision-making and strategic planning by business managers and corporate executives is data management.
Companies are collecting larger data volumes and various data types, which are hallmarks of extensive data systems. Such companies can become unwieldy and difficult to navigate without good data management.
