Database Management System (DBMS) | Assignment

Added on - 24 Apr 2021

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Running head: DATA MANAGEMENTDATA MANAGEMENT
DATA MANAGEMENT1Table of ContentsIntroduction:...............................................................................................................................2Meaning......................................................................................................................................2Importance of Data Management...............................................................................................3Productivity............................................................................................................................3Cost Efficiency.......................................................................................................................3Operational Nimbleness.........................................................................................................3Security Risks.........................................................................................................................3Reduced chances of Data Loss...............................................................................................3Effects of data management.......................................................................................................4Guidelines are to be followed by Data Management Professionals...........................................4Selection of Database Management System (DBMS)............................................................4Security...................................................................................................................................4Functionality...........................................................................................................................5Updates...................................................................................................................................5Cost Effectiveness..................................................................................................................5Conclusion..................................................................................................................................5References..................................................................................................................................7
DATA MANAGEMENT2Introduction:There are a number of trends in technology which are continuously changing the ways ofstoring, processing and using data in present business scenario. Some of these trends arenamed as cloud computing, shared-service infrastructure, Internet of Things and Big Data.These techniques have made the management of data very easy. Although before using thesetechniques for managing data, an enterprise needs to know all the features, advantages andimportance of such techniques1. This report describes the concept of data management bydefining its meaning, importance and need for using the tools for data management. Further,it describes the effect of data management on the quality of gathered data and also describesthe guidelines that are required to be followed by professionals engaged in data managementactivities. At the end of the report, a conclusion has been drawn to provide an overview of thestudy.MeaningData management is related to the practice of maintaining and organizing data processes tomeet constant information and lifecycle needs. The need for data management begins withthe electronics period of data processing, but the methods of data management have theirroots in statistics, accounting, logical planning and other restraints. It can be defined as theprocess of acquiring, storing, analyzing, validating, and processing important and requireddata for the end users2. At present, most of the organizations are using Big Data to makeimportant business decisions and acquire in-depth knowledge of customer behavior, markettrends, and opportunities that may result in creating uncommon customer experiences.The modern companies are turning to data management platform to make effective use ofdata gathered, analyzed and stored by them. Data management system is less time consumingand simplified process of obtaining results from the collected data3. The main advantages ofdata management system are improvement in data sharing, enforcement of integrity,minimization of data inconsistency, improvement in data security and easy backup andrecovery of data in the situation of loss or theft.Major level data management solutions and platforms enable the enterprises to control BigData from main data resources in real time for enabling engagement with customers in anefficient manner and for increasing CLV (customer lifetime value). Data Managementsoftware is important as the enterprises are consuming and creating data at extraordinaryrates. Top data management platforms enable organizations and enterprises to examine their
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