The data management process means the collection, storage, protection, verification, and operation of critical data and makes it available for use whenever necessary.
Decision-makers are too often caught in traditional, linear, and non-disruptive thinking or also absorbed by immediate concerns to think strategically about the forces of disruption and innovations shaping our future. We have been talking about technology driving business strategy for some time, rather than just enabling it.
Flexibility and agility are not typical attributes of traditional database management systems. While data warehouses are well-suited to collecting, storing, analyzing, and churning out defined data sets in repeatable processes, the volume and velocity of data today calls for a different approach to drive innovation.
“”Data monetization” will become a significant source of revenue, as the world will create 180 trillion gigabytes by 2025”
With the vast amounts of data generated by humans and machines every minute, storing and making sense of that data is both a huge opportunity and a massive challenge.
The Benefits of Data Management
Data Management can Increase your Productivity
Perfect data management will make your company more productive. On the other hand, the degraded data management process will make an organization inefficient. It will:
- Make it easy for company employees to access the necessary information needed to accomplish the job.
- Allows employees to validate results quickly.
- provide the data structure and knowledge needed to share with others.
- Allow secure storage of info for future references.
- Easy retrieval.
Effective Data Management can Make your Business More Cost-Efficient
Another benefit of an efficient data management process is that it will make your organization more cost-efficient. Moreover, it will help companies to avoid unnecessary duplication. By storing data safely and making it readily available will ensure that employees within an organization will not be conducting the same research again and again or reworking on the tasks that have been already completed by other employees, thus reducing data redundancy.
Perfect Data Management Technique Can Minimize Errors
Effective data management helps in reducing possible errors and damage caused by bad form of data. Due to excess of copy-paste, drag and drop, and documents linkage, chances of error increases. Therefore, an effective data management process should be there for every organization for the better health of the business.
Protection from Data Related Problems and Risks
Data security is very important, and it ensures that your vital data will never get lost in the cloud and is protected inside an organization. Its an essential part of the data management process and protect employees and organizations from lots of hassles related to data theft and security breaches.
Data Quality Improvement
Better data management helps in upgrading the quality of data and its access too. So, better search results ensure faster access to company data, which will help decision-making.
The organization must redefine its data and analytics strategy to be flexible and more responsive. Whosoever said “You cannot shrink to greatness” did not foresee the potential for right-sizing in-house IT as a catalyst for increased investment in other areas and an opportunity to refocus people on more strategic, value-adding work.
With more of the world getting connected, a leading organization will find ways to shift from the physical to the digital and make those connections work for their customers, partners, and business.
Innovations can happen within and outside of IT, requiring a comprehensive data strategy that can accommodate all user types. Logical data warehousing architectures with virtualization technologies-backed by scalable data lakes – enable analytics solutions that can cater to the daily needs of report and dashboard users. That same environment serves as a development workbench for data explorers and innovators.
How Can Integrative Systems Help You?
Integrative Systems can provide your organization with comprehensive data management services. We serve various industries across the globe with their data. Our state-of-art data management services will ensure that your organization’s data remains highly secure and yet available to the right people at the right time.
In the retail business, change is constant as competitors keep emerging, economies fluctuate, and business chains consolidate. To succeed and achieve the top spot in this competitive business environment, you require a modern merchandise management system and strong support to
IBM's hardware and software products are very robust, and organizations using the old iSeries services do not even think of replacing them because they are familiar with the system, and they are easy to maintain. They do not see any