No matter if you’re in sales, marketing sales, IT, or any other job, you need to have access to trustworthy, clean data for your decisions. This is where good data management comes into playand that’s why it’s a top trend in technology to be watching in 2018.
Data management covers all the disciplines involved in treating your data as a valuable asset and ensuring its accuracy, reliability and accessibility. That encompasses everything from data architecture to deploying data and analytics systems to managing the storage lifecycle of your business’s data.
A solid data management strategy consists https://www.reproworthy.com/technology/best-vpn-for-mac/ of six essential, or core characteristics:
Accuracy — the data should be based on actual, real-world objects as well as events, and be verifiable by using trusted sources.
Completeness — The data must include all values that are mandatory for example, sending an email to a client with only their last name.
Consistency Data should remain consistent throughout every data set and remain the same even when it is changed or modified.
Accessibility – data can be easily retrieved by those who require it, without compromising the compliance standards.
A plan for managing data is only effective when all departments and business units are all on board. This is crucial because the consequences of inaccurate data can be expensive for your business. For example, an IBM study estimated that poor data management costs the U.S economy $3.1 trillion annually in lost productivity and the costs associated with maintaining data.