The Importance of Data Management Leave a comment

Your business depends on data to operate and market products and services, and make informed decisions. If the data you have isn’t precise, accessible, or pertinent to your goals and objectives, then you lose control of your business decisions. This is why data management is an essential part of every business, big or small.

Historically, businesses used to collect data and analyze it using their own software platforms. This often led to large amounts of data that resulted in not compatible and produced inaccurate results. Data management is the process of integrating the company’s data to ensure consistent access, delivery and governance to meet business needs. It covers a range of tools and techniques such as master data management, data virtualization catalogs of data, self-service data preparation and wrangling, and more.

A successful data-management plan must also find the right balance between security and the ease of access to data that team members need to perform their duties. This means implementing the role-based permissions that allow users to find the data they need without compromising the security of your entire inventory. It is also necessary to leverage technologies that automatically weed out any errors or invalid entries from data sets, such as the Data Quality Service or an automated process for finding and correcting duplicates.

The process for managing your data must also be able to change with your business. For instance, you might be interested in a DataOps approach, which blends DevOps and Agile software development methodologies with manufacturing principles that are lean. This will allow you to update and build pipelines of data more quickly and increase collaboration between teams and users.

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