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Why Good Data Management Matters Now More Than Ever

May 19, 2023

In the early days of business analysis and underwriting, data was managed with simply a pen and paper and, of course, Excel spreadsheets. As technology has advanced, databases, warehouses, and data lakes have enabled information to be collected, stored, and managed electronically.

But as businesses have rapidly increased the volume, velocity, and variety of data they use to create value for customers, improve operating efficiency, or mitigate risks, the need for more Data Management capabilities has emerged. Businesses also need teams that can create the strong foundations needed to ensure data has the integrity required for use through its lifecycle. Today’s modern data platforms can handle petabytes of information using cutting-edge technologies with advanced machine learning capabilities, but only if the data used to create new insights has solid Data Management principles behind it.

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