You require clean, reliable data to make decisions, whether you’re in marketing, sales IT, sales, or any other business function. That’s where good data management comes inand that’s why it’s among the top technologies to keep an eye on in 2018.
Data management is the discipline that encompasses all disciplines relating to the management of data as an asset and guaranteeing its accuracy and reliability. This includes everything from data design to deploying analytics and data systems, to managing the lifecycle of storage of your business’s data.
A well-designed data management strategy includes six principal attributes or the six core attributes:
Accuracy — the data should reflect actual, real-world objects and events, and be verified by using trusted sources.
Completeness — The data must include all the mandatory values such as sending an email to a client with only their last names.
Consistency – the data should be consistent across all sets of data and should remain the same when it is updated or changed.
Accessibility – the data should be readily https://www.reproworthy.com/business/virtual-data-storage-is-it-time-for-your-company-to-switch-to-the-cloud/ retrievable by people who require them, without the risk of compromising the standards of compliance.
A data management program is only effective only if all departments and units are on board. This is especially crucial because faulty data can be costly for your business. IBM estimated that poor data handling costs the U.S. economy $3.1 trillion each year in lost productivity and costs associated with maintaining data.
