Data Management is the field that handles the handling of data within an organization as a valuable source of analysis and decision making. It is a broad range of processes that ensure all information is available at any time, and that it can trigger the actions.
Effective Data Management enables organizations to make use of data as a strategic asset, regardless of where it is in the enterprise, with improved visibility, reliability and security. It also allows for scalability. It can provide faster, more precise and more reliable analytics that can give you a competitive advantages.
Data is a valuable asset for businesses, but only when it’s handled and trusted. A poor data management strategy can be costly and undermine the confidence of those who depend on it.
The proliferation of personal data sources has brought about a new set of problems for compliance with consumer protection laws like the GDPR and California Consumer Privacy Act. Data management processes can help to ensure that individuals are informed at the point of the collection of data and that they are in the control of their own data and that the systems can easily meet erasure and transferability requirements.
To manage your data, you need a team of specialists with different skills and roles such as data architects and stewards, to database developers and analysts. In larger organizations the team typically includes quality engineers and data engineers who are working on data pipelines to support business analytics.
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