You require https://www.reproworthy.com/business/virtual-data-storage-is-it-time-for-your-company-to-switch-to-the-cloud/ reliable, clean data to make informed decisions regardless of whether you’re in marketing, sales IT, sales, or any other business function. This is where good data management comes into play — and that’s why it’s one of the top technology trends to watch in the year 2018.
Data management is the field that covers all disciplines related to treating data as a valuable asset and making sure that it is accurate and reliable. This includes everything from data management to managing your company’s data storage lifecycle.
A well-designed strategy for managing data includes six fundamental, or core, characteristics:
Accuracy — the information should reflect real-time objects and events, and be verifiable by using trusted sources.
Completeness — The information must contain all mandatory values for example, sending an email to a customer using only their last names.
Consistency Data should remain consistent across all data sets and stay the same even after being changed or organized.
Accessibility — the data must be accessible to those who require it, without compromising compliance requirements.
A data management program is only effective if all departments and business units are fully on board. This is crucial because the consequences of data that is not properly managed could be costly for your company. For instance, an IBM study found that poor management of data can cost the U.S economy $3.1 trillion each year in lost productivity as well as the costs associated with maintaining data.