WHY IS DATA MANAGEMENT IMPORTANT?
Data is a key asset that impacts all business sectors. An effective data management policy underpinned by technology is necessary to ensure the usability and integrity of this valuable resource.
Businesses are adapting and changing to a fluctuating market in order to survive and succeed. Business transactions create vast amounts of data. If not managed correctly, this data becomes a burden instead of an asset. Companies must empower their staff to manage the long-term quality of their data and implement control.
Data management is required to ensure that data is recognized and managed as an asset (formally, correctly, pro-actively and efficiently) to secure trust and accountability from all stakeholders.