Data Management is One of the Top Technology Trends to Watch in 2018

You require accurate, clean data to make decisions, whether you’re https://www.reproworthy.com/technology/host-someone-on-the-twitch-platform/ in marketing, sales IT, sales, or any other business function. This is where effective data management comes into play — and it’s also why it’s one of the top trends in technology to be watching in 2018.

Data management is a discipline that encompasses all disciplines relating to the management of data as an asset and making sure that it is accurate and reliable. This covers everything from data management to managing your enterprise’s data storage lifecycle.

A well-designed strategy for managing data includes six primary, or core characteristics:

Accuracy — the information should reflect real-world objects and events, and should be verified by using trusted sources.

Completeness — the information must provide all mandatory values to be used in a specific scenario such as sending a message to a customer only with their last name.

Consistency — the data should remain consistent across all data sets and stay the same despite being updated or changed.

Accessibility – The data should be readily retrievable by those who need them without any compromise to the standards of compliance.

A data management plan will only be effective if it’s supported by all departments and business units. This is especially important since the consequences of inaccurate data can be devastating to your organization. IBM estimated that inefficient handling of data costs the U.S. economy $3.1 trillion annually in lost productivity, and costs associated with maintaining data.