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

You require reliable, clean data to make decisions, whether you’re in sales, marketing IT, sales, or any other business function. This is where effective data management comes into play -and that’s the reason it’s one of the most important technology trends to watch in 2018.

Data management covers all the disciplines related to treating your data as a valuable asset, and making sure that it is accurate, reliable and accessibility. This includes everything from data architecture, to deploying data and analytics systems to managing the lifecycle of storage of your company’s information.

A solid data management strategy includes six principal attributes or essential attributes:

Accuracy — the information should reflect real-time objects or events, and must be verified using reliable sources.

Completeness — the information must contain all the mandatory information for https://www.reproworthy.com/technology/avg-antivirus-review-in-usa/ a specific use case for example, such as sending a letter to a customer only with their last name.

Consistency – data should be consistent across all sets of data and stay that way when updated or organized.

Accessibility — the data can be easily retrieved by those who require it, without compromising compliance requirements.

A data management strategy is only effective when all departments and business units are on board. This is particularly important because the impact of faulty data can be costly to your organization. For example, an IBM study estimated that poor management of data costs the U.S economy $3.1 trillion per year in lost productivity and expenses associated with data maintenance.