Free Samples
KIT712 Data Management Technology
.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}
KIT712 Data Management Technology
0 Download8 Pages / 1,813 Words
Course Code: KIT712
University: University Of Tasmania
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Question:
What do you understand by Data Management? Why is Data Management important and how does it affect the over all quality of data generated? Which guidelines are followed by Data Management professionals?
Answer:
Introduction:
There are a number of trends in technology which are continuously changing the ways of storing, processing and using data in present business scenario. Some of these trends are named as cloud computing, shared-service infrastructure, Internet of Things and Big Data. These techniques have made the management of data very easy. Although before using these techniques for managing data, an enterprise needs to know all the features, advantages and importance of such techniques1. This report describes the concept of data management by defining its meaning, importance and need for using the tools for data management. Further, it describes the effect of data management on the quality of gathered data and also describes the guidelines that are required to be followed by professionals engaged in data management activities. At the end of the report, a conclusion has been drawn to provide an overview of the study.
Meaning
Data management is related to the practice of maintaining and organizing data processes to meet constant information and lifecycle needs. The need for data management begins with the electronics period of data processing, but the methods of data management have their roots in statistics, accounting, logical planning and other restraints. It can be defined as the process of acquiring, storing, analyzing, validating, and processing important and required data for the end users2. At present, most of the organizations are using Big Data to make important business decisions and acquire in-depth knowledge of customer behavior, market trends, and opportunities that may result in creating uncommon customer experiences.
The modern companies are turning to data management platform to make effective use of data gathered, analyzed and stored by them. Data management system is less time consuming and simplified process of obtaining results from the collected data3. The main advantages of data management system are improvement in data sharing, enforcement of integrity, minimization of data inconsistency, improvement in data security and easy backup and recovery of data in the situation of loss or theft.
Major level data management solutions and platforms enable the enterprises to control Big Data from main data resources in real time for enabling engagement with customers in an efficient manner and for increasing CLV (customer lifetime value). Data Management software is important as the enterprises are consuming and creating data at extraordinary rates. Top data management platforms enable organizations and enterprises to examine their customer from a 360-degree angle to gain critical, deep and brief knowledge of customer behavior which is helpful in giving a competitive edge to brands4.
Importance of Data Management
The importance of data management can be summarized as follows:
Productivity
Good and effective data management can make an organization more productive. It also makes easy to find relevant information for the employees of an organization. Along with this, it also enables them to validate and conclude results in an easy manner. Data management provides a structure that should be used while storing the data and sharing it with other users or employees5.
Cost Efficiency
Data management allows an organization to avoid unwanted and unnecessary duplication of data. It stores and make data easily referable and also ensures that employees may not have to conduct analyses on the topic which has already been analysed6.
Operational Nimbleness
An organization is required to make decisions immediately to take the advantage of the opportunities. This is possible with the help of data management system as a good data management system allows the employees to access information of the market conditions and changes. As a result, data management and sharing system enables a company to make decisions in a very quick manner.
Security Risks
If data is not managed properly then it is possible that the information may fall into the hands of competitors or wrong persons. For example, Sony, a well-known brand of electronics was targeted by computer attacks which led to the loss of information of 77 million play station users7.
Reduced chances of Data Loss
An effective data management ensures that information and stored data will not be lost and can be accessed easily at the time of requirement. Data management plan put things and information at the right place and also has the facility of back up and retrievable of important information from the secondary source in case the primary source become inaccessible due to any reason.
Effects of data management
Data management largely affects the generated data in terms of quality improvement, storage, analysis and interpretation. The data collected by an organization includes both types of data that is primary and secondary. An effective data management plan identifies the type of data and categorizes the same to save the time of the user. It also identifies the relevant data to the project and automatically eliminates irrelevant and time-consuming information8. When data is collected by the employees, it is usually in raw form which may take a lot of time and efforts. It can also be saved by applying data management plan and techniques. Data processes are carried out by data management tools like big data, cloud computing, internet of things which are based on the rules and regulations of data management. It enables the company to work on data that is resulted after applying all the rules and it also increases the accuracy of results9.
Usually, data collected from various sources and it is almost difficult to identify that which source is relevant and which is not. By analyzing the quality of data, data management tools help the employees to find out the same. With clean and reliable data, an organization can provide professional level services to the customers and can also create a positive image by delivering the order on or before time. The duplicity of data can also be identified by the tools and techniques which is automatically removed at the time of providing final results. Data management tools also have the abilities of cross-checking of data against a trusted source for improvement or validation10.
Guidelines are to be followed by Data Management Professionals
As data management is an important aspect on the basis of which, an organization takes final and important decisions related to operational, financial, marketing areas. There are some guidelines that are to be followed by the professionals engaged in data management process. These guidelines can be summarized as follows:
Selection of Database Management System (DBMS)
The professionals are required to consider that DBMS selected by them should be user-friendly so that all staff members can use it without facing any issue. The selected DBMA should also be appropriate for the purpose of analyzing collected data in the desired manner11.
Security
Sensitive business data and personal information of customers should be stored strongly and securely to protect it from theft and loss. Such theft and loss can be of two types including tangible risk like risk from fire and intangible risk like the risk of hacking, corrupting, viruses and human errors. The professionals, responsible for effective data management are always guided by their organizations to keeping the data secure form all such risks.
Functionality
The professionals are guided to check that whether the modules available in DBMS meet the requirements of the business or not. This can be analyzed by considering following aspects:
Filter and Extraction of data
Proper Analysis
Modeling and Segmentation
Automation
Strategy Forecasting
Visualization of Results
ROI Management and Campaign Planning
Updates
Data Management professionals are strictly guided to check updates related to the stored data and present and future processes. There should be a frequency in accepting the updates of data and some important day to day updates should be automatically accepted by the system so that processes and results may fulfill the current business requirements along with all the trends and updates12.
Cost Effectiveness
The tools and techniques selected by the professionals should be cost effective to the company. The entire process of data management includes hiring technical experts, paying for the licensing of data, maintaining records and consumption of hard and soft cost for keeping the data secure. Therefore, data professionals should examine all these aspects because these are the main reasons for increasing the cost of using data management.
Conclusion
This report concludes that an effective data management system can lead to an organization in formulating productive strategies from customer perspective. The same idea can also be concluded by studying the importance of Data management system. The total systems and techniques affect the quality of collected data and therefore an organization should carefully analyze the features of a database management system and their compatibility level with the organizational objectives. The report also concludes that the professionals, responsible for managing DBMS are required to follow the guidelines so that data can be managed in an appropriate manner and can be used by the users at the time of requirement. Data management is not an easy function and is required to be performed by the qualified professionals. Also, all the organizations working in the present scenario should majorly consider the applicability of data management systems so the data can be saved from any type of misuse and results can contribute in increasing the profitability of the organization.
References
Buys CM, Shaw PL. Data Management Practices Across an Institution: Survey and Report. Journal of Librarianship & Scholarly Communication. 2015 Apr 1;3(2);1-24.
Cox AM, Pinfield S. Research data management and libraries: Current activities and future priorities. Journal of Librarianship and Information Science. 2014 Dec;46(4);299-316.
Ali S, Miah SJ, Khan S. Analysis of interaction between business intelligence and SMEs: learn from each other. JISTEM-Journal of Information Systems and Technology Management. 2017 Aug;14(2);151-68.
Alam JR, Sajid A, Talib R, Niaz M. A review on the role of big data in business. International Journal of Computer Science and Mobile Computing, IJCSMC. 2014 Apr;3(4);446-53.
Wamba SF, Gunasekaran A, Akter S, Ren SJ, Dubey R, Childe SJ. Big data analytics and firm performance: Effects of dynamic capabilities. Journal of Business Research. 2017 Jan 1;70;356-65.
Parks R, Thambusamy R. Understanding Business Analytics Success and Impact: A Qualitative Study. Information Systems Education Journal. 2017 Jun 1;15(6);43.
kumar Das T, Mishra MR. A Study on Challenges and Opportunities in Master Data Management. International Journal of Database Management Systems. 2011 May: 3(2);129-139.
Khalil T, Al-Refai M, Fayez AN, Qudah MS. TOWARDS EFFECTIVE CUSTOMER RELATIONSHIP MANAGEMENT IN OMAN: ROLE OF BIG DATA. International Journal of Research. 2017 Oct:5(10);92-100.
Shorfuzzaman M. Leveraging cloud based big data analytics in knowledge management for enhanced decision making in organizations. International Journal of Distributed and Parallel Systems. 2017 Feb 15;8(1);1-13.
Torabi F, El-Den J. The impact of Knowledge Management on Organizational Productivity: A Case Study on Koosar Bank of Iran. Procedia Computer Science. 2017 Dec 31:124;300-310.
Khan RA, Khan FA, Khan MA. Impact of training and development on organizational performance. Global Journal of Management and Business Research. 2011 Jul 6;11(7);63-68.
Listiani T, Kartini D. Application Performance Management Impact On Organizational Performance Local Company (Studies In West Java-Indonesia). International Journal of Scientific & Technology Research. 2015 Jan 1;4(2);191-8.
Free Membership to World’s Largest Sample Bank
To View this & another 50000+ free samples. Please put
your valid email id.
Yes, alert me for offers and important updates
Submit
Download Sample Now
Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.
UploadUnique Document
DocumentUnder Evaluation
Get Moneyinto Your Wallet
Total 8 pages
PAY 5 USD TO DOWNLOAD
*The content must not be available online or in our existing Database to qualify as
unique.
Cite This Work
To export a reference to this article please select a referencing stye below:
APA
MLA
Harvard
OSCOLA
Vancouver
My Assignment Help. (2021). Data Management Technology. Retrieved from https://myassignmenthelp.com/free-samples/kit712-data-management-technology/the-effect-of-data-management.html.
“Data Management Technology.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/kit712-data-management-technology/the-effect-of-data-management.html.
My Assignment Help (2021) Data Management Technology [Online]. Available from: https://myassignmenthelp.com/free-samples/kit712-data-management-technology/the-effect-of-data-management.html[Accessed 18 December 2021].
My Assignment Help. ‘Data Management Technology’ (My Assignment Help, 2021)
My Assignment Help. Data Management Technology [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/kit712-data-management-technology/the-effect-of-data-management.html.
×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}
×
Thank you for your interest
The respective sample has been mail to your register email id
×
CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.
Account created successfully!
We have sent login details on your registered email.
User:
Password:
MyAssignmenthelp.com delivers assignment help to millions of students of USA. We have in-house teams of assignment writers who are experts on wide ranges of subjects. We have appointed teams of native writers who provide assignment help to students in New York City and all over the USA. They are skilled assignment writers who successfully cater to search terms like do my assignment in the USA
Latest Management Samples
div#loaddata .card img {max-width: 100%;
}
MPM755 Building Success In Commerce
Download :
0 | Pages :
9
Course Code: MPM755
University: Deakin University
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More
SNM660 Evidence Based Practice
Download :
0 | Pages :
8
Course Code: SNM660
University: The University Of Sheffield
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: United Kingdom
Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration
BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20
Course Code: BSBHRM513
University: Tafe NSW
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More
MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5
Course Code: MKT2031
University: University Of Northampton
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: United Kingdom
Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration
MN506 System Management
Download :
0 | Pages :
7
Course Code: MN506
University: Melbourne Institute Of Technology
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology
Next