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Flexible data management is an approach that involves creating and maintaining an information structure that is able to respond to the business demands. This allows organizations to better adapt to changing business environments enhance information access and assist in making better decisions with the most current and accurate information.
The necessity for flexibility is becoming increasingly important as companies struggle to keep up with the ever-changing business environment. Modern businesses are evidence that change is the only constant. If a company’s structure isn’t adapting to evolving requirements and goals the infrastructure will quickly become outdated.
Flexibility is crucial in ensuring that companies can effectively utilize their existing and future information assets to gain competitive advantage. This can be achieved by adopting emerging methods of monitoring the health and integrity of data pipelines and individual data pieces (known collectively as “data observability”) which can help identify and fix issues prior to affecting the quality of data or data security. This method offers an automated and proactive method of storing and managing data that eliminates the need for human intervention and speeds up the process of solving problems.
Flexible data management also allows teams to share and access information. Marketing may monitor and resolve risk in a different manner than IT. However both methods can be combined into one report that is easy to read and can be communicated to the senior management of the company. This is made possible by tools such as business glossaries and data federation, which are driven by metadata.