Data management to be data-first and lead the data economy

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Discover how effective data management can empower your business to be data-first, monetize information, and enter the data economy.

Jun 6, 2023
The exponential growth of information held by companies means that the way data is managed impacts business results. In an increasingly competitive data economy, being a data-forward business , with available, accessible and democratized data is no longer an option but a condition for being able to enter the market.




HubSpot BLOG

The global data analytics market is 99 acres database to grow from $271.83 billion in 2022 to $655.53 billion by 2029 , at a CAGR of 13.4% in the forecast period.

Source: Fortune Business Insights



The real issue is how to transform data into quality information through appropriate management methodologies to make it available to the entire organization, partners and suppliers.

There are many factors that affect data quality and, at the same time, their quantity and analysis are complex, which makes it necessary to implement reliable architectures and methodologies capable of generating value for the entire universe of data.

Its mission is to solve technical problems in order to increase productivity and efficiency. In short, it is about using all the means to manage data optimally in order to get the most out of the information.

Data management proactively pursues data quality, which means that technologies, people and processes must be harmonized. In other words, technology must meet expectations, while processes establish the architecture for data to be related, and people must receive the necessary training to be able to make informed decisions.



Data Management: Projections and Trends for 2021




Strategic methodologies
As management tools , the implemented methodologies and technologies will help in the processing of data for business success in different aspects:

improving business processes

Improving customer relations

improvement in decision making
Selecting the most appropriate management tools is a difficult task that is entrusted to IT professionals, who will have to find the most suitable combination of systems and technological tools such as the data lake or Data Lake , or the data warehouse or Data Warehouse, among other effective tools and methodologies that put the business strategy into practice.



HubSpot BLOG 2




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Extracting value
Beyond the application of leading technologies and data quality rules, value extraction is a constant and complex qualitative process that processes data from heterogeneous sources, discarding those that are not valuable for analysis.

The work will be a sum of actions that will put the infrastructure at the service of the information requirements of each organization. Giving meaning to the strategy requires the choice of technology and methodology based on the objectives, as well as a correct definition of the architecture and implementation that must be carried out.