01 Out The Importance of Data Management
https://www.taeglichedata.de/master-data-management-the-first-steps-in-data-consolidation
Data management is the collection of practices and procedures organisations employ to collect data and consolidate it, verify it, organize and archive it, as well manage its lifecycle. It allows businesses to create and provide high-quality information that helps in business decision-making and is the basis for the actions.
Quality data is essential to your success, whether you want to improve customer service or create cutting-edge artificial intelligence (AI) or AI applications. Modern data management solutions offer improved visibility, reliability and security, and can be scalable to meet the demands of both business users and IT.
Effective management doesn’t just ensure accuracy of data, but also that you have all the resources needed to meet your goals including third-party audits and training of staff and compliance with regulatory requirements. It is easy to invest in areas not aligned with your data management strategy without articulating your goals clearly or having a plan to reach them.
Data management is crucial
It is more essential than ever to ensure that Data management practices are in place because the amount, variety, and velocity of data continue to increase across industries. Without them, you may lose the value of your data and put yourself at a disadvantage compared against competitors who have implemented these principles.