Data Management is One of the Top Technology Trends to Watch in 2018

Data Management is One of the Top Technology Trends to Watch in 2018

No matter if you’re in sales, marketing sales, IT or another business function, you’ll need to be able to access reliable, accurate data to inform your decisions. This is where effective data management comes into playand that’s the reason it’s a top technology trend to watch in 2018.

Data management covers all the disciplines associated with treating your data as a valuable cloud technologies asset and guaranteeing its accuracy, reliability and accessibility. This covers everything from data management to managing your business’s data storage lifecycle.

A solid data management plan includes six primary attributes or the six core attributes:

Accuracy – the data should be based on real world objects and events, and be verified using reliable sources.

Completeness — the data must provide all mandatory values for a specific use case, like sending a mailing to a client with only their last name.

Consistency – data should be uniform across all data sets, and remain that way when updated or reorganized.

Accessibility – the information must be accessible to people who require them, without violating the compliance standards.

A data management plan is only effective if all departments and business units are on the same page. This is especially important since faulty data could result in a negative impact on your organization. IBM estimated that poor data handling costs the U.S. economy $3.1 trillion each year in lost productivity and costs associated with maintaining data.