DATA MANAGEMENT IS NOT JUST ABOUT MANAGING DATA. IT IS ABOUT EMBRACING STRATEGIES AND METHODOLOGIES THAT UNLOCK BUSINESS POTENTIAL. WE PRESENT AN OVERVIEW OF THE PRIMARY BUSINESS SUPPORT METHODS AND SOLUTIONS BELOW.
Today, Data Management necessitates advanced tools and techniques, in addition to the use of AI and machine learning, to ensure interoperability and the high-speed transmission and processing of data.
DataOps has brought about the most significant cultural shift in corporate Data Management since the advent of big data.
DataOps is a methodology that seeks to enhance and manage information by extracting, transforming, and making it accessible to users. The term describes a collection of practices and techniques for managing data, aimed at enhancing communication, integration, and the automation of data flows between data managers and users within an organisation.
To make information accessible to both data managers and data users, companies need to track, simplify, and transform data into a language and format that can be understood by architects, business managers, and end-users. Simply knowing the location and form of data is insufficient. Understanding the transformation path and the meaning that final data acquire through the enrichment process is crucial for their efficient use and management. Assuring that you have data that can supply the necessary values for vital business analyses is a key element in determining information quality. The DataOps process ensures end users that information is tracked and qualified as part of a secure data lifecycle.
Other Data Management Solutions
To ensure a comprehensive understanding of business processes and prevent the loss of critical details, Data Management should strive to combine quantitative and qualitative methods. By adopting an advanced Data Management strategy, companies can improve their data-driven approach by enhancing information from various sources and taking intricate business dynamics into account.
Data modelling is a tool used to detect, visualise, design, distribute, and standardise high-quality enterprise data resources. It reproduces data logically, conceptually, and concretely, in addition to the connections between them and the rules that govern them.
This makes Data Management more efficient, optimises costs, and simplifies data-driven initiatives. Doing so reduces redundant business activities by eliminating silos and implementing reusable models and standard analyses.
Enterprise Data Architecture
Regardless of the approach taken to Data Management, the initial phase involves improving the organisation and structure of data. This entails creating architectures that are functional, adaptable, and robust, capable of supporting analytical functions and satisfying business requirements.
The EA discipline involves a complex and interwoven network of systems. Effectively managing large and complex projects requires tools and approaches that architects find useful and understandable. An architecture framework provides the necessary tools and approaches to extract data at a manageable level of detail.
Developing a wholly managed data architecture, such as through cloud computing, can free up time and resources. These resources can subsequently be directed towards intelligence-related tasks. This approach also enhances storage and analysis capacity and quality, enabling the efficient and effective management of vast amounts of data in real-time and in batches.
Data Governance is a strategic and collaborative approach aimed at collecting and monitoring data, comprehending it accurately, and optimising its security, quality, and value. Data Governance defines, implements, and enforces the set of rules and behaviours involved in Data Management using all the necessary tools and procedures. Data Management is the operative branch of data governance. According to DAMA (the Data Management Association), Data Management is a comprehensive term that encompasses all the processes involved in planning, defining, enabling, creating, acquiring, maintaining, using, storing, retrieving, controlling, and deleting data.
Data Governance is a vital component of Data Management as it pertains to requirements related to a company’s data lifecycle. It is an essential skill that organisations cannot afford to overlook if they want to enhance their data assets.
BP modelling forms part of business process management and improvement initiatives. It documents the functioning of an organisation, including management, operational, and support processes. It also depicts business elements and how they interact in graphs and diagrams.
Data is only ever meaningful when considered in context. Business processes establish this context and business process models assist in identifying the areas where information is employed and by whom, thus impacting all Data Management endeavours and facilitating the establishment of business priorities. Prioritising business-critical data is an important step in any Data Management discipline. The business process aids in establishing a framework and ranking and identifying essential data that contribute to the achievement of business objectives. In business environments that are cost-benefit driven, applying process models to better understand how to use data helps people understand the benefits and create efficiencies that reduce costs.