Data management is the process of collecting, storing, securing, and using an organization’s data. While organizations have several different data sources today, they have to analyze and integrate the data to derive business intelligence for strategic planning. Data management includes all the policies, tools, and procedures that improve data usability within the bounds of laws and regulations.","id":"seo-faq-pairs#what-is-data-management","customSort":"1"},"metadata":{"tags":[{"id":"seo-faq-pairs#faq-collections#data-management","name":"data-management","namespaceId":"seo-faq-pairs#faq-collections","description":"

data-management","metadata":{}}]}},{"fields":{"faqQuestion":"Why is data management important?","faqAnswer":"

Data is considered to be a valuable resource for modern organizations. With access to large volumes and different data types, organizations invest significantly in data storage and management infrastructure. They use data management systems to run business intelligence and data analytics operations more efficiently. We give some benefits of data management below. \n

Increase revenue and profit \n

Data analysis gives deeper insights into all aspects of a business. You can action these insights to optimize business operations and reduce costs. Data analysis can also predict the future impact of decisions, improving decision making and business planning. Hence, organizations experience significant revenue growth and profits by improving their data management techniques. \n

Reduce data inconsistency \n

A data silo is a collection of raw data within an organization that only one department or group can access. Data silos create inconsistencies that reduce the reliability of data analysis results. Data management solutions integrate data and create a centralized data view for improved collaboration between departments. \n

Meet regulatory compliance \n

Laws like the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) give consumers control over their data. Individuals can seek legal recourse if they perceive that organizations: \n

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