Data Management is a field that focuses on the management of information in an organization as a valuable tool for analysis and decision-making. It covers a broad range of processes to ensure that all data is accessible when required and is reliable to drive decisions.
Effective Data Management enables organizations to use data as a strategic asset regardless of where it is in the enterprise, with better visibility, reliability and security. It also allows for the ability to scale. It helps to provide faster, more precise, and more reliable analytics, which can provide competitive advantage.
Data is an asset for businesses, but only when it’s managed and trusted. A poor data management strategy is costly and erodes the trust of those who rely on it.
Furthermore, the emergence of new sources of personal data has created a new set if challenges for compliance with consumer protection laws, including GDPR and the California Consumer Privacy Act (CCPA). Data management procedures can help to ensure that people are notified at the time of data collection and that they maintain control over their own personal data and that systems can easily meet erasure and portability requirements.
Managing your data requires the help of a team of experts with distinct skills and roles such as data architects and stewards to analysts and database developers. In larger companies, data engineers and quality specialists who work on data pipelines for business analytics are often included in the team.