You require clean, reliable data to make the right decisions whether you’re in sales, marketing IT, or a different business function. That’s where good data management comes in -and that’s why it’s one of the top tech trends to be watching in the year of 2018.
Data management is the area that encompasses all disciplines relating to treating data as a valuable asset and making sure that it is accurate and reliable. This includes everything from data management to governing your company’s data storage lifecycle.
A solid data management plan includes six primary attributes or core attributes:
Accuracy — the data should be based on actual, real-world objects or events, and must be verifiable by using trusted sources.
Completeness — the information must include all values that are required for a particular use case such as sending a message to a customer only with their last name.
Consistency — the data should remain consistent across every data set and remain the same despite being changed or reorganized.
Accessibility — the information can be easily retrieved by those who need it without compromising compliance requirements.
A data management strategy is only most trusted VPN efficient only if all departments and units are fully on board. This is especially crucial because faulty data can have a costly impact on your company. For instance, an IBM study found that poor data management costs the U.S economy $3.1 trillion a year in lost productivity and the costs related to maintaining data.