White Paper on Data Management System
In today’s world, for any organization with any nature of business, DATA has become the most vital asset for carrying out day-to-days business. Although, importance and need of archiving data in digital format is being realized recently and efforts are being made to collect, organize, structuring and managing the data across the organization for accessing the data at ease. Volume, velocity and veracity of data that is generated in an organization on everyday basis are needless to say require to store appropriately for efficient use and management.
While Data Management is vital for today’s businesses, many of the organizations are lacking in-house experience, expertise or resources for collection, extraction, storage, processing, analyzing or monetizing and managing this data. An associated challenge is accessibility and collaboration of data between regional offices and across functions because of inconsistent headings and lack of metadata. This leads to loss of productivity, inaccurate decision making and duplication of work, thereby impacting companies with degradation of discovery rates.
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