When it comes to data organisation, most companies struggle.
They don’t know where their data is located. The quality of this data, or even what data they actually have.
So, it goes without saying, the data they have is not very accessible or particularly useful.
If you’re in this situation, where should you start?
Quick Tips for Navigating Data Management
Understand Your Business and Data Landscape
What data do you have? How is it created by your business operations?
Understanding where and how data plays a role in your organisation is the first step to being able to manage it.
This includes knowing the context of your data – who owns it, who uses it and where it is located.
Find and Map your Data and Data Sources
Next, you need to know where all the data in your organisation is. This is not just so you can use it but also to ensure you comply with the relevant data protection legislation in the countries your data is stored.
Workshops with the key people involved with different data sources and data sets is a great starting point to map out where all your data is, how it relates, and which data sets are important.
Working out your information architecture can be a potentially a complex process, so external data consultants can be engaged to help.
Shift Your Organisation’s Culture to view Data as an Asset
A critical part of successful data management is transforming your organisation’s view of data.
While this can be challenging, when the whole company views data as an asset, everyone takes on the responsibility to make sure data is accurate, sourced correctly, and able to be relied on as a single source of truth.
Verify Data Quality
Most likely much of your data comes from a few key sources.
By appointing data owners and stewards to oversee these data sources, you can make sure the data is of a high quality and can be confidently used in analysis.
Secure and Protect Your Data
For various reasons (privacy laws, IP etc.) your data must be secure. Data breaches are on the rise and the consequences of not securing your data can be significant.
Internally, you need have different levels of access to your data so only those authorised to access particular data sets, can.
Turn Data into Information and Information into Insights
Organisations typically only use a very small percentage of the data they collect.
By knowing where your data is and what data you have access to, you can start turning your data into useful information, which can in turn become valuable insights.
Good Data Management Creates Value
Most importantly, if you are managing your data, you can easily discover opportunities and minimise your organisation’s risk.
Allowing you to make confident data-driven decisions that will positively impact your business.