What is Enterprise Data Management?
An organization’s data is vital to the entire enterprise. Enterprise Data Management, also known as EDM, is an activity that includes collecting, managing, and storing data that helps an organization make an informed decision. With the advent of technology, the growth of digital data has been massive. To cope with this growth, every organization must incorporate diligent and effective ways to organize their valuable data. It helps the enterprises arrive at a suitable solution to direct various internal and external undertakings.
What Are the Benefits of EDM?
Without a systematic data management and data backup strategy, multiple confusions occur that deter business orders. Therefore, structured and conscious data management has become the need of the hour.
Following are the benefits of Enterprise Data Management:
Helps you adopt, integrate and manage enterprise data
Assists in decreasing potential human errors
Helps gain an edge over competitors
Allocates database memory and storage resources
Creates a secure and reliable database
Check Out Our Top 5 Checklist for Enterprise Data Management for Your Organization This 2022
1. Identify the Data
A business enterprise has multiple primary, secondary, and tertiary data. Unstructured data is a major hindrance to the effective management of the enterprise. The key to making sound decisions in the company is to know the different types of data. A clear idea of what the data is, where it is stored or how to use it would provide significant insights to the management.
2. Integrate Data for Improved Collaboration
Collecting and identifying the data alone doesn’t provide great value—the organization needs to process it. Once the enterprise has an in-depth knowledge of its data, the next step is data integration. Data integration is the process of coordinating data across all the systems into a unified repository to make it actionable and valuable. It results in improved collaboration, reduces rework, helps with business decisions, and saves time.
3. Create Accessibility to Have Utmost Control of Your Data
The goal of bringing data together is to be able to analyze it to make better, more timely decisions. The ability to access data faster increases productivity. It also enables the enterprise to respond to business requirements which translates into higher profits. The speed and efficiency in accessing and obtaining that data are more significant as it impacts the value of the data. Consolidating data across multiple sources creates a well-conducted data lineage. This makes it easy to quickly identify data dependencies, understand who is using each data source, and make relevant tables more accessible. Having a central repository of information for secure supervision is a foundational medium for analytics, business intelligence, data mining, etc. Hence, an organization must create a solution that allows it to have complete control of the data with utmost accessibility.
4. Formulate Principles to Govern the Data
A set of data management disciplines ensures the right people are assigned to the correct data and underpins a successful data management strategy. The organization should document all of it as part of the data governance framework and share it internally to ensure everyone understands it and is committed to supporting it. It helps organizations align and catalog existing data assets and establish processes for ensuring that new data is stored according to the data governance guidelines. By establishing how data will be used and managed, a data governance framework help organizations execute rules that command data access and usage. It helps create a structure for internal and external accountability. Additionally, it carefully streamlines the flow of information to provide direction on storage and retention. This framework encourages enterprises to arrive at the most appropriate and performant solution.
5. Stringent Data Management for Successful Business Decisions
When data streams in from multiple sources, leveraging the full value of your data can be complicated. Enterprises can develop vital data-driven insights with a standard process that ensures the data is usable and secure. It starts with data governance, which provides the guidelines for data security, accessibility, and sharing among authorized people. Having a security policy in place to protect your data and prevent data breaches is a necessity to maintain the database. Enterprises can create a reliable data management practice with accurate, accessible, and secure data. A profound and factual database helps the business make decisions with confidence.
Way Forward With Zmanda
Today’s organizations need a data management solution with a logical way to manage data across a diverse but unified data tier. Before you decide on data management for your company, consider Zmanda.
Zmanda, a comprehensive data backup, and recovery solution helps you back your vital data up to any storage media or cloud. It combines fast installation, simplified management, and enterprise-class functionality at low-cost subscription fees.