Data management is the systematic handling of data within an organization, encompassing tasks such as ingestion, storage, organization, and maintenance. It plays a critical role in the implementation of IT systems supporting business applications, providing analytical insights for operational decision-making, and aiding strategic planning for corporate executives, business managers, and other end users. The data management process involves a collaborative effort across various functions to ensure the accuracy, availability, and accessibility of data in corporate systems. While IT and data management teams are primarily responsible for these tasks, the active participation of business users is also integral. Their involvement ensures that the data aligns with their specific needs and fosters compliance with policies governing its use.
Importance of Data Management
Data is now recognized as a valuable corporate asset with the potential to enhance decision-making, refine marketing strategies, optimize business processes, and cut costs, all aimed at boosting revenue and profits. Find out more about this blog
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