Data Management

Definition of Data Management as it relates to Business, Business Planning, Supply Chain Management

Data Management encompasses the practices, architectural techniques, and tools for achieving consistent access to and delivery of data across the spectrum of data subject areas and data structure types in the enterprise, to meet the data consumption requirements of all applications and business processes. Effective Data Management enables an organization to have confidence in the information used to make strategic, operational, and tactical decisions; ensures compliance with legal, regulatory, and industry requirements around data; and increases overall operational efficiency by reducing redundancy and inconsistency in data definitions and usage. In the context of Business, Business Planning, Supply Chain Management, Data Management plays a critical role in enabling the organization to have a single version of truth for all data used in these areas, leading to improved accuracy, consistency, and speed in decision-making and operations.

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