What is Data Management?

The processes, policies and technologies used to acquire, store, organise, secure, and maintain data throughout its lifecycle. It involves activities like data collection, storage optimisation, data governance, data quality assurance, and data lifecycle management. Good data management ensures that data is accurate, consistent, secure, and accessible to authorised users when needed. It aims to maximise the value of data assets, improve decision-making, and support business objectives. Effective data management should involve collaboration between stakeholders, strict observance of regulatory requirements, and the use of appropriate tools and methodologies to efficiently handle and leverage data across the organisation.