Flexible data management is a process which involves establishing and maintaining an information structure that is able to respond to business requirements. This allows companies to better adapt to the changing requirements of business environments as well as improve access to information and aid in decision-making by providing the most current and accurate data.
As businesses struggle to keep up with a rapidly changing business world, flexibility is becoming more essential. The old adage that the only constant is change is in modern organizations, and if a company’s information infrastructure isn’t up to date with the changing needs and strategic objectives it will soon become obsolete.
Flexibility is crucial for companies to be able to use their current and future information assets effectively 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 identify and resolve issues before they affect security or quality of data. This approach provides an automated and www.boardroomreview.blog/change-of-company-directors-common-actions/ proactive way to manage data, which decreases the need for human intervention and speeds up the resolution of problems.
Flexible data management makes it easier for teams to share information and access it. Marketing may track and remediate risk in a different manner than IT. However both approaches can be combined into a single report that is easy to read and relayed to the senior management of the organization. This is possible through tools like business glossaries, data federation and metadata-driven information dictionaries.