Flexible data management is the process of creating and maintaining information structures that respond to the business needs. This enables organizations to better adapt and respond to changes in the business environment, improve accessibility to information, and support decision-making using the most current and accurate information.
The need for flexibility is becoming increasingly important as companies have to adapt to the ever-changing business environment. The old adage that the only constant is change is true for modern organizations, and if a company’s data infrastructure can’t keep up with evolving needs and strategic goals, it will quickly become obsolete.
Flexibility is essential for businesses to utilize their existing and future information assets effectively to gain competitive advantage. This can be accomplished through embracing the latest methods of monitoring the condition of data pipelines and data pieces (known as “data observability”) that helps to identify and fix issues before they affect security or quality of data. This method provides an automated and proactive method of managing data, which decreases the need for human intervention and accelerates problem-resolution.
Flexible data management also allows teams to share information article and access it. Marketing may track and remediate risks in a different fashion than IT. However both methods can be combined into one report that is simple to read and relayed to the top management of the company. This is possible through tools like data federation, business glossaries and metadata-driven information dictionary.