Flexible data management is the process of creating and maintaining information structures that are responsive to the business needs. This allows companies to better adapt to changes in find here the business environment, improve accessibility to information, and support decision-making using the most accurate and current information.
The need for flexibility is becoming increasingly vital as companies struggle to keep up with the ever-changing business landscape. Modern businesses are living evidence that change is the only constant. If the infrastructure of a company cannot keep up with the ever-changing requirements and goals, it’ll quickly become outdated.
Flexibility is essential for businesses to utilize their existing and future information assets effectively to gain a competitive advantage. This can be accomplished by implementing innovative methods of monitoring the health and integrity of data pipelines as well as individual data pieces (known collectively as «data observability») that help to identify and fix issues prior to them affecting the data’s security or quality. This approach provides an automated and proactive way to manage data, which decreases the need for human intervention and speeds up problem-solving.
Flexible data management also allows teams to share and access information. Marketing might track and address risks in a different way than IT. However both approaches can be combined into a single report that is easy to read and can be communicated to the senior management of the company. This is made possible by tools like data federation and business glossaries that are powered by metadata.