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Enterprise Data Management (EDM): Everything You Need To Know
- Enterprise data management (EDM) governs data accuracy, accessibility, and security, turning data into a valuable business asset that informs decisions and shapes customer experiences.
- EDM supports day-to-day operations and strategic goals by ensuring accurate, accessible, and secure data handling.
- EDM transforms fragmented data environments into structured systems, aiding in categorization, quality-checks, and appropriate data accessibility.
- Recent studies show companies using data lakes and AI technologies experience stronger results and better decision-making capabilities.
- EDM helps organizations maintain consistency in data collection, storage, and usage, reducing discrepancies and improving trustworthiness.
- EDM combined with AI technologies enables faster pattern interpretation, aiding in decision-making processes.
- Effective EDM ensures data is stored in the right place, updated regularly, and utilized efficiently to enhance business operations.
- EDM sets clear standards for data handling, promoting compliance, reducing duplication, and enhancing overall business performance.
- Data security is crucial in EDM to prevent breaches, with training and protocols playing a significant role in reducing exposure.
- EDM aids in integrating different systems, ensuring seamless data transfer and communication between tools for enhanced efficiency.
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