What Does Data Management Strategy Mean?
Data management strategy is the process of planning or creating strategies/plans for handling the data created, stored, managed and processed by an organization.
It is an IT governance process that aims to create and implement a well-planned approach in managing an organization’s data assets.
Techopedia Explains Data Management Strategy
The key objective behind data management strategy is to develop a business strategy that ensures that data is:
- Stored, consumed and processed in a manner required by the organization
- Controlled, monitored, assured and protected using data governance and security processes and policies
- Stored, categorized and standardized using defined and known data classification and quality frameworks
Data management strategy should ultimately help an organization gain the best benefits from its data and data assets. These data can be master, operational, transactional or any other form.