What is data management? 7 Types to Know

7 Types of data management

What is data management? Data management is the process of generating and maintaining a system to collect, store and aggregate management data and organization-based data that is critical to the workplace. It is similar to the spine in a backbone in that it is attached to every aspect of the information supply chain. Most organizations use a data management plan and data management software to ensure that the most effective data is collected to increase business intelligence.

Companies gain many benefits by implementing appropriate data security measures and policies/procedures. Because big data is so vast, companies must establish a data architecture and a set of data management best practices to manage all of their information. A good data management strategy uses a set of data management, machine learning and analytics tools to obtain valuable information that optimizes decision making. These are the 7 types of data management

1. Data Management Plan - Data Management

Master Data Management MDM ensures that a company uses only quality data to base its decisions. Think of the people who base their decisions on misleading information and how poor those results tend to be. In the business world, every choice is made to increase profits and generate new customers. Without a data integration strategy in place, companies will not make data-driven decisions.

In a master data management plan, an organization needs to collect all the raw data from different data sources and then place it into a single data warehouse. The data will have to be each data management platform or software solution for different business units. A good data management master plan helps make this happen.

2. Data Management Process Data Management

Think of data management as a police officer. Although he does not directly control the generation of data storage and quality management policies, the administrator oversees all data management systems. He oversees the quality of business data collected, how it is collected and any data storage policies. An administrator helps mitigate any problems before they become a major concern and cause a crash or loss of data.

3. Management Process Data Quality Management

A data quality manager acts as an assistant to the administrator in business operations. He or she does not have full supervisory control of all processes, but does parts of the work to make the process go faster. A data quality manager sorts through the collected data to see if there are any concerns, such as duplicate information or other inconsistencies. Data quality management helps the enterprise data management network defined by the organization.

4. Management Solutions Data Security

Implementing data security and data privacy measures are the most important requirements for an organization. Valuable customer data and other confidential information is collected and stored every day. If customers do not feel confident about data security measures, they will be less likely to do business with the company. In addition, theft or hacks can damage a company's reputation and even lead to litigation. Security professionals use encryption, remove hacks and prevent deletions or other managed data accidents.

5. Improved management policies Data governance 

The governance of data is a key factor in the is similar to the U.S. Constitution. It establishes all the laws for how management platforms handle all data warehousing and management software. It creates the procedures for the entry, transfer and protection of all enterprise information. Data governors oversee all the different administrators and other teams to optimize the entire data management process. A set of rules and guidelines prevents problems and ensures that workers see the most accurate information when performing their jobs.

6. Data Management Solutions

Big Data Management Big data is the general term that defines the collection, analysis, data modeling and use of large amounts of enterprise information. Overseeing this entire process is a big responsibility. The information gathered is used to improve business decisions and achieve operational efficiency. If one part goes wrong, the whole system can collapse. Big data management focuses on raw data entry, data preparation, data integration and maintaining a quality network. Various areas of the enterprise use good data and valuable data sets to make data-driven decisions that help streamline operations.

7. Effective Data Management - Data Warehouses

Data Data is the foundation that supports a growing company. A large amount of collected information presents some difficulties. Primarily, how does an enterprise manage all this information and keep it secure? Data warehousing solutions create and monitor cloud-based architecture and other data management tools to make sure it is equipped to handle all the information collected. Data analytics and business analytics are then used to extract good insights that increase profits, grow the customer base and determine new opportunities.