Data Management is One of the Top Technology Trends to Watch in 2018
No matter if you’re in sales, marketing sales, IT, or any other job, you need to have access to accurate, reliable data to make your decisions. This is where data management comes in -and that’s why it’s one of the top tech trends to be watching in the year 2018.
Data management is a broad term that covers all areas involved in treating your data as a valuable asset and ensure its accuracy, reliability and accessibility. This includes everything from data management to managing your business’s data storage lifecycle.
A https://www.reproworthy.com/business/due-diligence-challenges-and-solutions-in-the-it-sector/ solid data management plan includes six fundamental attributes or fundamental attributes:
Accuracy – The data should reflect real, world objects and events. It should also be verified by trusted sources.
Completeness — The information must include all the mandatory values, such as sending an email to a client with their last name only.
Consistency — the data should remain consistent across every data set and remain the same even after being updated or changed.
Accessibility – the information should be readily retrievable by people who require them without compromising the compliance standards.
A plan for managing data will only be effective if it’s supported by all departments and business divisions. This is particularly important, as faulty data can have a costly impact on your company. IBM found that poor handling of data costs the U.S. economy $3.1 trillion per year in lost productivity and costs associated with maintaining data.