Data has always been important and now as we are smack in the middle of the digital era, its value has never been so obvious.¬†DATAVERSITY brought this interesting information to our attention in their article, “Data Strategy Needs to Include a Robust Data Architecture.”

Data accumulates from every aspect of a business. From various customer or operational touch-points, data has to be efficiently collected and managed for a business to thrive and prosper. Data management has never been so critical to the success of an organization. Data strategy can reduce risk, improve data quality, and streamline business processes, while reducing operating costs.

Despite long-term investments in data management, problems at many organizations continue to exist and even grow. Data has traditionally been perceived as just one aspect of a technology project. In fact, it is a corporate asset and should be treated accordingly.

The idea behind developing a data strategy is to make sure all data resources are positioned in such a way that they can be used, shared, and moved- easily and efficiently.

Melody K. Smith

Sponsored by Access Innovations, the world leader in taxonomies, metadata, and semantic enrichment to make your content findable.