<ul data-eligibleForWebStory="true">Test Data Management involves creating, organizing, securing, and provisioning datasets for software testing.It ensures access to accurate, diverse data while protecting sensitive information and complying with regulations.Test data now includes complex transaction histories, system configurations, and machine learning datasets.Tools like data subsetting, synthetic data generation, and data masking enhance testing effectiveness.Organizations face challenges with outdated practices, privacy risks, and inefficient data provisioning processes.