Data management isn’t just about processing and moving bytes around. It can be used to develop powerful insights that guide businesses on future decisions, too, especially in today's world of big data. This is known as data analysis, and it’s supported by data management.
Processing market data, for instance, can help an investment bank predict the future of a stock. This, in turn, can give the bank an early start on a positive investment, or the insight to sell a stock before it loses value. Data analysis, in other words, is a crucial aspect of why data management is so important for keeping businesses profitable.
According to a survey conducted by Experian, which canvassed 500 executives and managers at U.S. organizations in a variety of industries, eight out of 10 said investing in data quality has resulted in a high return on investment for business initiatives. It’s no wonder why data management has become such a popular and exciting field.
Information technology is more than data management. Learn more about this diverse and exciting field on our blog!