What is Data Management and why it is Important?

Hi friends, in this post, we will be discussing about Data Management and more specifically, we will be answering the question: “What is Data Management and why it is Important?”

 

About Data Management

Data Management, is a set of practices and guidelines, that establish the proper procedures for:

• Acquiring data
• Storing and Organizing data
• Processing data
• Securing data
• Complying with data privacy and protection laws and regulations

 

Why is Data Management Important?

Data Management is very important, as it helps to:

• Minimize potential data-related errors (aka Data Integrity and Quality)
• Secure your data in terms of:
  • Unauthorized access
  • Redundancy and high availability
• Optimize the use of data within the organization and help complying with data privacy and protection laws and regulations

 

Infographic: Relation Between Data Governance and Data Management

In the below infographic, we display the relation between Data Governance and Data Management.

 

 

Watch the video lecture – What is Data Management?

 

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