Data Management describes collecting, keeping, and using data securely, efficiently, and cost-effectively. Data management is developing, executing, and supervising projects, policies, programs, and practices that control, protect, transport, and increase the value of data and information resources. Businesses must handle large amounts of data from non-heterogeneous databases and sources. Data management provides access to heterogeneous information from a central authority to manage effective business strategies based on real insight. Data management work has a broad scope with several main activities, such as:
Creating, accessing, and updating data in a different data layer;
Data storage on several levels;
Provide high availability to companies;
Using data in a growing variety of applications, analyses, and algorithms;
Ensure confidentiality and data security;
Data storage and destruction according to retention programs and compliance requirements.