Data management is the implementation of policies and procedures that put organizations in control of their business data regardless of where it resides.
Data is one of your organization’s most valuable resources. When fully leveraged, it will help your organization control costs; understand your customers and markets. And ultimately improve your bottom line.
Data management is concerned with the end to end life cycle of data, from creation to retirement. And the controlled progression of data, to and from each stage within its life cycle. Data management minimizes the risks and costs of regulatory non compliance, legal complications, and security breaches. It also provides access to accurate data when and where it is needed, without ambiguity or conflict, thereby avoiding miscommunication.