Data management is the process of gathering, storing and arranging information to achieve the business objectives. Data management also includes the protection of data governance and security. Effective data management can improve decision-making, compliance with regulatory environments and create new sources of innovation.
As the quantity and variety of data continue to increase, organizations must ensure that their data are accurate, secure, and available when needed. This requires the development of an information strategy as well as the implementation of best practices. In this article we will examine eight well-tested techniques for managing data that boost the efficiency of businesses and give them an competitive edge.
1. Establish Data Standards
Data management starts with defining the components of data that are crucial to business operations. This can help to avoid confusion and bad quality data that could result from data that is not properly defined.
2. Implement a Data Governance Structure
To maintain consistency and accuracy in data, the company needs to ensure that everyone is aware of their responsibilities in managing data. This requires a detailed and clear organizational structure that clearly defines roles like data owners and stewards as well as a governing committee to oversee all aspects of the process for managing data.
3. Set up Permissions that Match the individual roles
It’s a great idea to restrict access to the data of your customers by setting permissions that are appropriate for each team member. This will stop your team from being overwhelmed with stale data that does not support the work they perform. It’s also a great way to prevent data breaches.