Data Management for Business Resilience

Data has become one of the crucial components for many businesses, without which businesses may not be able to function appropriately. Data is generated at a large scale and is used for many purposes, especially in decision-making activities. To ensure that data is used strategically and maintained perfectly, data management solutions are leveraged by organizations. In this article, you will get to know the significance of data management from a business perspective. What is data management? It is a platform wherein procedures, practices, policies and architectures are developed so that the data lifecycle can be managed accordingly. Data management is the process of keeping, collecting and using data in a secure, cost-effective and efficient manner. Data management helps connected things, organizations and people optimize data usage to yield maximum benefit by making better informed decisions. Data management principles: l Data is regularly accessed, creat...