You require reliable, clean data to make decisions regardless of whether you’re in marketing, sales IT, or another business function. This is where good data management comes into play- and it’s also why it’s a top trend in technology to watch in the year 2018.
Data management is the field that encompasses all disciplines relating to treating data as an asset and ensuring its accuracy and security. This includes everything from data management to data analytics to managing your enterprise’s data storage lifecycle.
A successful strategy for managing data includes six fundamental, or core, attributes:
Accuracy: the data must reflect actual, live objects and events, and be verified using reliable sources.
Completeness — the data must include all values that are required for a use case such as sending a message to a customer using only their last name.
Consistency: the data should be consistent across all data sets, and remain that way whenever it is updated or changed.
Accessibility – The data must be accessible to those who need them, without violating the quality of compliance.
A plan for managing data will only be successful if it is supported by all departments and business areas. This is especially crucial since faulty data https://www.reproworthy.com/business/3-enterprise-software-that-changes-the-way-of-data-management/ could be costly for your company. IBM estimated that poor handling of data costs the U.S. economy $3.1 trillion annually in lost productivity and the costs associated with maintaining data.