Data Management Platform

Why Data Management Is So Important To You?

Data_Challenge

An organization’s data is recognized as the most vital asset of an enterprise. Companies that do not understand the importance of data management are less likely to survive in the modern economy.

Exponential growth of data – The exploding volume and speed of data growth has introduced several challenges:
– System management and growing cluster complexity
– Storage, data movement and management complexity
– Data center power, cooling and floor space limitations
– Lack of support for heterogeneous environment and accelerators
– Significant shortage of skills to integrate and manage big data ecosystem

Right decision based on right data – In any organization, data is the main foundation of information, knowledge and ultimately the wisdom for making correct decisions and taking right actions. If the data is relevant, complete, accurate, timely, consistent, meaningful and usable; it will surely help in growing the organization. Else, it can prove to be a useless and even harmful asset.

Customer’s Confidence – Poor data quality creates mistrust. Every year marketers across the world waste millions of dollars because of poor data. Poor data not only can impact your company’s bottom line, but it can also devastate your brand’s image.

The implications of unstructured Data – It is quite alarming that unstructured data accounts for more than 80% of your stored data and more of it are being generated every minute from social media tools. All this unstructured data could be very important for an organization if it can be deciphered to gain useful insights. A lot of time and effort is wasted in recreating and reproducing this information if it is not recorded and stored properly. Insights gained out of this unstructured data could largely impact a company’s future decisions, goals and visions.

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How Data Management Platform Help You?

Protection from data related problems and risks

Security of data is very important and proper data management helps in ensuring that vital data is never lost and is protected inside the organization. Data security is an essential part of data management companies which protects members and companies from various data loss, thefts and breaches.

Data Quality Improvement

Better data management helps in improving data quality and access. Therefore, better search results are obtained in a company with better and faster access to the organization’s data.

Minimized errors

Effective data management helps in minimizing potential errors and damages caused by them. The more processes like copy-paste, drag and drop, and linking of documents occur within the company, the greater the likelihood of creating data errors exists. Therefore, an effective data management strategy, including data quality and data management tools along with a data quality checklist, must be implemented and employed to control the data quality.

Efficiency Improvements

If data is properly managed, updated and enhanced, then fast access to all employees in the organization is made possible, increasing worker efficiency. If data is inaccurate, not managed and has errors, then it can waste a lot of the organization’s resources. By effectively managing data, this problem can be solved.

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