Data Management. As the world becomes more data-driven and as your organization expands, having your data organized, secure, and easy to access through data management services is essential. At Data Dash, we’ve been entering, processing, and converting data and helping companies and organizations store data for over 25 years. In doing so, we’ve helped countless enterprises become more efficient and productive and cut down on costs. Call Data Dash today at 314-939-1430 or contact us online to find out more about what we can do for you.
Data Dash offers data management services to organizations in the following sectors:
- Energy & Utilities
- Transportation Data Management
- Human Resources
What is Data Management?
Data management is a broad term that refers to the data entry, organization, maintenance, and archiving of data that is collected and created. Effectively managing data can help unlock new efficiency in an organization and offer valuable new information and analytical capabilities. The data being managed can be almost anything, including:
- Customer records
- Product data
- Employee records
- Payroll information
- Tax documents
- Enrollment records
- Mailing lists
- And more
In essence, data management allows organizations to easily and efficiently evaluate data in ways that help their internal processes and helps them serve their clients better.
Why Do I Need Data Management?
As organizations expand and the world becomes more information-driven, more and more data is created. Every time a client or customer purchases a product or service, likes a post on social media, or signs up for your newsletter mailing list, a new piece of data is created. When that data is not organized correctly, it can create a hodgepodge of otherwise useful information that won’t end up helping your company at all.
According to the 2018 Global Data Management Benchmark Report, 95% of C-level executives believe data is an integral part of their business strategy, and 89% believe that inaccurate data is undermining their ability to provide excellent customer service. With effective data management, you’ll be able to:
- Be more productive
- Improve internal operations
- Become more agile
- Gain advantages over your competitors
- Save money, as your employees won’t waste time pouring through poorly organized data
- React quicker to market trends
- Mitigate security risks
- Make sounder decisions
Types of Data Management
As data management is a broad term, it contains a variety of processes and moving parts in order to be done most effectively. Different factors that go into data management are:
Master Data Management (MDM)
Master data is the “who,” “what,” and “where” of data. For most organizations, that includes customers or clients, suppliers, products or services, and locational data. MDM is the organization and storing of master data.
Data governance refers to the overarching structure and oversight of data. It ensures that both the data and data entry and collecting systems are consistent. The end goal of data governance is availability, usability, consistency, data integrity, and data security. Data governance is sort of like a constitution that dictates the rules for how your data will be managed.
A data steward is someone who enforces and oversees the policies set forth in data governance. They act as a liaison between an IT department or company managing the data and the business or organization the data comes from in order to verify that security, intake, and organization standards are being met and that the data is being appropriately used. If data governance is a constitution, data stewardship is the three branches of government.
Data architecture is the physical structure and foundation of how data is entered and stored. This refers to the technological and computerized aspect of data management. It focuses on merging the data with the organization or business strategy or goal. If data governance relates to people, process, and workflow, architecture refers to technology and infrastructure design.
Data Warehousing or Data Lakes
A data warehouse is where information from different sources is compiled and stored. A warehouse contains data that is structured, filtered, and processed for a specific purpose, and is ready for analysis. A data lake is where you store data that is raw and has yet to be organized. The advantage of a data lake is that data can be stored “as-is” without needing to impose a formal structure on it.
While certain products like Unibase by DMAC and Laserfiche® Enterprise Document Management software are built to keep your data safe and secure, managing data still requires active steps such as encryption management, ensuring only authorized parties have access, preventing accidental changes, and more.
Data integration involves combining data, typically in a process called extract, transform, and load. The goal is to move data from different media or storage locations to a single location so that all of the data is easily accessible on one platform. This can involve scanning paper documents and converting them to a digital format, or moving data from on-premises storage to cloud.
Quality managers are responsible for monitoring, crawling, and combing through data to ensure there are no duplicate files, incomplete or corrupted data, and more, and filtering out any poor data.
Data Management | Data Dash
Data Dash offers comprehensive data management to our clients throughout the United States. Our 50 work stations nationwide wide operate 24/7, and our data management specialists type at a 99.9981% accuracy rating. In addition to the standard benefits of data management, by outsourcing to us you can save valuable time and your employees will be able to focus on the core tasks you hired them for instead of rote mechanical work. As we are headquartered in the Midwest, our centralized location means we are capable of managing data anywhere in the country, and our rates are lower than many other data management providers in larger cities, especially those on the coast. Call Data Dash today at 314-939-1430 or contact us online to learn more about how we can make your business thrive.