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

You require clean, reliable data to make informed decisions, whether you’re in sales, marketing IT, sales, or any other business function. This is where good data management you can find out more comes into play -and that’s why it’s a major technology trend to watch in the year 2018.

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

A well-designed data management strategy consists of six primary, or core attributes:

Accuracy – the data should reflect actual, real-world objects and events and be verified using reliable sources.

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

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

Accessibility – The data should be readily retrievable by those who require it without the risk of compromising the standards of compliance.

A data management plan is only effective only if all departments and units are on board. This is particularly important since faulty data could have a costly impact on your company. For example an IBM study estimated that ineffective management of data costs the U.S economy $3.1 trillion each year in lost productivity and costs associated with maintaining data.