The Effective Managing Of Data

The purpose of data warehousing is to combine all of a company 's data and allows users to access the data directly, create reports, and obtain responses to

Data is a group of information that are used for various purposes like analysis, evaluations and to arrive at certain results or conclusions. Data reporting is a process where data is extracted form a source or many sources and then converted into a format that can be used for a purpose.

According to Berson and Dubov (2011), there are four typical categories of drivers that explain the need for data management: Business Development, Sales and Marketing; Customer Service; Risk, Privacy, Compliance and Control; and Operational

The theme of this book is how businesses in today’s world use ever-improving technology to collect data, convert it into information and business intelligence, and combine this information and intelligence with the knowledge of the workers to help make the best decisions they possibly can for the benefit of the company and the customers. Throughout the book, there are discussions on the different ways that technology can help a business with this process. When going into detail about the various information systems, this book also brings into

Data and information management is a huge growth area. But it's not just data management creating new job opportunities, its gathering, analyzing, storing and securing the data as well.

Data management is vital to any business as this is a key tool to an organisations business improvement, as you can refer back to data, and compare them against benchmarks. Analysing data can provide evidence for possible future structure such as identify trends, as well as indicate where improvements can be made. However there are strict procedures to be followed when collecting and storing data.

Data are “raw facts that describe the characteristics of an event or object” (Baltzan 6). Managers used to have to collect data manually along with analyzing it. This was a very time consuming process which could also be complicated in different aspects. If businesses lack data this can cause them to make unethical business decisions. For example, if they don’t have the correct data needed they may order in too many products or not enough causing a surplus or shortage in products/supplies. Being able to collect and analyze data quickly everyday helps make a business make better decision. Data in this day and age is important for a business to obtain so they can make the best possible decisions for their company to be successful. This can help a business know how much to order, how much was sold, and their customer numbers. A company can also see where they are getting most of their customers from when collecting data from surveys. Data allows us to see if a company is doing good or bad and

Organisations need data as a point of reference or to be able to retrieve information whenever it is needed. Every organisation should keep accurate records and information on their employees in order to be able to use this information for planning ahead for the business. Organisations also need data as a legal requirement.

Data, data is essential in todays business environment. The amount of information that businesses collect is growing larger and larger everyday. This information can be simple such as a customers name, address, telephone number, gender, or credit card number. The data can also be more complicated and require more insight such as finding out what a customers shopping habits are or finding out how to cater your advertisements based on your clients. With the amount of data every growing we are faced with some issues. Mainly how does a company process all of this information and keep it safe at the same time. This data that is collected is stored and is never truly deleted or gone. Big question is are we equipped to handle all of this information on our own? Well we can but we need to use Information systems to compile it all, process it, and make sure it is safe. Management information systems are made up of computing and communications hardware, operating system software, applications software that support business operations, and staff to analyze and create systems that help to achieve business goals and objectives. Management information systems support a broad array of business operations and enable interaction with an organization 's suppliers, customers and service providers. Every company for the most part creates their own software that is specific to their goals and what they hope to achieve. Software such as ERP (enterprise resource planning) is used to support large

when data will be used, Data users are working with the data in their daily jobs.

Up until 2000 only 25% of the world’s total data was stored in digital form, today less than 2% of stored data is not in digital form. It is estimated that digital data is doubling every three years. (Cukier, 2013)

Databases allow us to easily store and retrieve data in a purely digital format. The strength of this is that large amounts of data can be stored and retrieved with minimal effort on the part of the user. Opposed to manually flipping through files, one can quickly pull up the requested data through a computer program. Many systems that were conventionally paper and file based have been converted to a digital format which are now stored in one or more databases.

The need for a significant data management component came from several sources. First, the University of Central Arkansas College of Business has a Business Advisory Council, which advises the college

Data has always been analyzed within companies and used to help benefit the future of businesses. However, the evolution of how the data stored, combined, analyzed and used to predict the pattern and tendencies of consumers has evolved as technology has seen numerous advancements throughout the past century. In the 1900s databases began as “computer hard disks” and in 1965, after many other discoveries including voice recognition, “the US Government plans the world’s first data center to store 742 million tax returns and 175 million sets of fingerprints on magnetic tape.” The evolution of data and how it evolved into forming large databases continues in 1991 when the internet began to pop up and “digital storage became more cost effective than paper. And with the constant increase of the data supplied digitally, Hadoop was created in 2005 and from that point forward there was “14.7 Exabytes of new information are produced this year" and this number is rapidly increasing with a lot of mobile devices the people in our society have today (Marr). The evolution of the internet and then the expansion of the number of mobile devices society has access to today led data to evolve and companies now need large central Database management systems in order to run an efficient and a successful business.

Data management activities form the foundation for many activities that business perform. Computers make it possible for low level managers to organize and manipulate massive amounts of information productively. For example some corporations use SQL Server databases to oversee data operations while smaller businesses might take advantage of the data manipulation features in applications such as Microsoft Access. Like mention above operation managers are responsible for controlling and directing