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Navigating the Labyrinth: An Executive Guide to Data Management by Laura Sebastian-Coleman for DAMA International

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Chapter 2 Data Management Challenges

Data is both an operational necessity and an asset. Effective data management can enable an organization to get more value from its data. Managing any asset requires working to get value from it, managing its lifecycle, and managing it across an enterprise. But the unique characteristics of data put a different spin on these functions. This chapter will cover the following concepts related to these challenges:

  • Managing data as an asset
    • Data differs from other assets
    • Data represents risk
    • Poor quality data costs time and money
    • Data valuation is not standardized
  • Managing the data lifecycle
    • Data management includes managing data’s lifecycle
    • Different kinds of data have different lifecycle requirements
    • Metadata must ...

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