The Benefits of Flexible Data Management
Flexible data management is the process of creating and maintaining data structures that are able to respond to the business needs. This allows businesses to better adapt and respond to changes in the business environment, enhance accessibility to information, and support decision-making with the most accurate and current information available.
The need for flexibility is becoming more important as companies have to adapt to the ever-changing business environment. Modern companies are living evidence that change is the only constant. If an organization’s infrastructure can’t keep pace with evolving requirements and goals it will soon become outdated.
Flexibility is crucial to ensure that businesses are able to efficiently use their current and future information assets to gain competitive advantage. This can be achieved by embracing emerging means of monitoring the health of data pipelines as well as data pieces (known as “data observability”) which can help detect and address issues before they impact data quality or security. This is an efficient, automated method of managing data which decreases the need for human intervention and accelerates problem-resolution.
Another benefit of flexible data management is that it makes it simpler for different teams to share information. For instance, marketing may have a different method of assessing and resolving risk than IT, but both approaches can be rolled up into a single, simple-to-read report that can be sent to the company’s top management. This is possible thanks to tools such as business glossaries and data federation which are driven by metadata.