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What is data management strategy?

Updated: 2/17/2023
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βˆ™ 12y ago

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Data management strategy is efficiently storing and manipulating the data from your business. DMS will make it simpler to access data when necessary and will maintain records by archiving and deleting obsolete data. There are seminars where companies can see what new inovations have been made in the area of data management strategy.

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βˆ™ 12y ago
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Aisha Goel

Lvl 6
βˆ™ 2y ago

Data Strategy

Making a data strategy is as simple as deciding what data to collect and why. Despite its obviousness, it is frequently neglected, undervalued, or unformalized. To be clear, we are not discussing the method for selecting mathematical approaches or technology. The other issues are significant, but not the initial step.

To choose a data strategy, you must first assess its relevance to your company's goals. Gathering data, presenting it appropriately, and deleting β€œgarbage” data that doesn't serve your company's goals will take time and effort. Your team will identify data that is vital to your company goals and so worth collecting and sorting. So if gathering new data takes a lot of time and effort, it may not be worth collecting.

Learn more about components of data science like data strategy, data engineering etc at Learnbay institute.

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