Whether you’re in marketing, sales, IT or another business function, you’ll need to have access clean, reliable data for your decisions. This is where data management comes in — and that’s why it’s one of the top tech trends to be watching in 2018.

Data management is the field that covers all disciplines related to the management of data as a valuable asset and guaranteeing its accuracy and reliability. That encompasses everything from data architecture to the implementation of data and analytics systems to managing the lifecycle of storage of your business’s data.

A solid data management strategy includes six fundamental attributes or fundamental attributes:

Accuracy – the data should reflect actual, real-world objects and events. It should also be verified using reliable sources.

Completeness — the data must contain all necessary values for a use case for example, such as sending a letter to a customer with only their last name.

Consistency – the data should be uniform across all data sets, and remain that way after being updated or organized.

Accessibility — the information must be accessible to those who require it without compromising compliance requirements.

A data management program is only efficient if all departments and business units are on the same page. This is particularly important because faulty data can cause a significant financial loss to your business. IBM estimates that poor handling of data costs the U.S. economy $3.1 trillion annually in lost productivity, as well as costs associated with maintaining data.

https://www.reproworthy.com/business/3-enterprise-software-that-changes-the-way-of-data-management/