Data Management involves the systematic collection, storage, organization, and utilization of information in a secure and efficient manner. It encompasses a range of processes, including data acquisition, validation, cleansing, storage, and retrieval, ensuring the accuracy, reliability, and accessibility of data assets. Effective data management strategies involve implementing frameworks, technologies, and policies to handle data throughout its lifecycle. This includes defining data governance frameworks, establishing data quality standards, and ensuring compliance with relevant regulations. Data Management aims to maximize the value of data by making it available and usable for decision-making, analytics, and operational processes. It facilitates better insights, improves business intelligence, and supports informed decision-making, contributing to organizational efficiency and strategic planning.
