4.
Data management
Data management collecting, organizing, storing, maintaining, and accessing
data efficiently and securely.
Data management processes, there’s no framework to help you make sense of
this data.
Key components of a data management:
1. Collection. This involves gathering data from internal and external
sources .Data may be structured or unstructured, and the collection process
must ensure that relevant and high-quality data is available.
2. Organization. Includes structuring and categorizing data to facilitate easy
access and analysis. This usually involves building databases,.
3. Storage. Ensuring secure storage of data to maintain its availability and
integrity. This can include traditional databases; data ware house cloud-based
solutions and data lakes based on the access needs.
4. Protection/security. Using security features like encryption, access controls,
firewalls, regular security audits, and backup systems to safeguard data against
breaches, loss, or corruption.
Types of data management:
Data pipelines
A data pipeline is a path that allows businesses to transfer information between
two or more different systems automatically.
The data pipeline will modify or enhance your data during the exchange
process, but it can also leave the raw data unchanged.
Data architecture.
This involves designing the overall framework for how data flows through an
organization's systems, covering everything from data storage and usage to
compliance.
A well-defined data architecture ensures that information is managed
efficiently and consistently.
Data modeling.
This technique involves creating visual diagrams that represent the structure of
data and the relationships between different data elements within a system or
across multiple systems.
Data models enable teams to understand how data flows and is organized,
facilitating more effective data management and analysis.
Data catalogs.
These serve as inventories of an organization data containing metadata that
makes essential information searchable and easily discoverable.
A data catalog can store information about the location, format, and quality of
various datasets.
Data governance.
This encompasses the set of rules, policies, and procedures that an organization
follows to standardize data, ensuring its quality, security, and compliance.
Data governance often involves establishing a dedicated team to oversee data
policies and ensure accountability.
Data security.
The primary goal of data security is to protect an organization's
information from breaches, theft, and unauthorized access.
This IT function typically involves creating and enforcing policies
related to software, access controls, backups, and storage.
Data life cycle management.
This involves monitoring and managing data throughout its entire life cycle
from its creation or collection to its eventual deletion or archiving.
Establishing policies for each stage of the lifecycle ensures that data is handled
appropriately, remains relevant, and remains secure.
Benefits of data management.
Effective data management enables companies to transform raw data into
actionable insights, allowing them to derive more value from their data with
less effort.
Data management comprises of several benefits, including:
1. Visibility. What information is available across your business?
Data management processes consolidate all data sources into a single feed,
providing comprehensive visibility and control in a unified, big-picture view.
2. Reliability. With effective data management, businesses can ensure reliability
while decreasing time to evaluate data.
3. Security. Data management processes can help you secure your information
from unauthorized access by bringing it under control.
4. Scalability. Data management solutions enable the automatic and scalable
management of data. This helps to ensure data consistency and security across
your enterprise.
5. Transparency. Building trust with your customers takes time, but being
transparent with how you use their data can help. Sharing your policies with
customers can make it easier for them to utilize your information. Enhancing
customer data management with an effective strategy can help organizations
gain deeper insights into customer behavior, preferences, and needs.
6. Compliance. Businesses are required to give consumers control over their data.
Data management allows you to stay compliant with GDPR, CCPA, and other
data privacy regulations.
Data management challenges:
Some of the most common challenges to consider:
Lacking data insight. Businesses can collect more information. However,
having terabytes upon terabytes of data can make it challenging to manage,
spot trends, and gain actionable insights.
Maintaining data-management performance levels. As databases
accumulate more information, maintaining performance becomes increasingly
challenging.
Complying with changing data requirements. Ever-changing compliance
requirements make it hard for businesses to commit to a data management
strategy. As soon as you achieve compliance, new requirements might make
your past data management practices unusable.
Storing data effectively. Data warehouses can store data, but it is usual for
businesses to store their information in multiple warehouses or data lakes. Data
scientists might need to reformat data to perform an analysis, effectively.
Optimizing its agility and costs continually. Data storage comes at a price.
The more data you store, the more you pay. Larger quantities of data can also
affect your business’s data agility.
Drawing value from new analytics and data. As you collect larger volumes
of data, finding meaning in all your information can become difficult. If
businesses don’t have the right management solutions, they risk missing out on
insights from new analytics and data.
Real world Applications:
Banking sector: Banks integrate data architecture and data management to
handle large volumes of transactions securely and efficiently. Data
architecture defines how transaction data flow between systems where as
data management ensures these transactions are processed quickly and
stored securely.
Health care: Data architecture designs the way patient records are
interconnected across platforms, while data management ensures that these
records are updated in real-time accurately.
Retailers: Retailers use data architecture to design a customer data model
that supports personalized marketing, while data management ensures that
customer information is updated accurately.
Relationship between data architecture and data management
Data architctecture provides the blue print that outlines how data is
structured, stored and inter related across an organization.
Data management involves practical aspects of handling data that flows
according to the frame work set by the data architecture.
It includes tasks like data storage, maintenance, security and governance.
