You’ve sensed it, you’ve read it, you’ve seen it. Reliable, well-managed data is critical to organizational success in the twenty-first century. Whatever sector you work in – financial services, health care, insurance, manufacturing, technology, retail, education, and beyond – your organization requires data to transact business and serve customers. This data not only fuels your business processes; it also provides you the business intelligence needed to measure organizational success. As importantly, the data your organization produces can be mined for insights about current operations—insights you can apply to improve your processes and advance your organization’s strategy.
But reliable data is not produced by accident. In today’s complex world, well-managed data depends on planning and design, governance of business and technical processes, and the commitment of your organization to high-quality results. It also means ensuring that information about customers, products, and business operations is kept safe and secure, so that it cannot be used for criminal or malicious purposes.
Reliable data depends on successful execution of the functions and activities that comprise the field of data management. These are described in detail in DAMA International’s Data Management Body of Knowledge (known as the DMBOK2). Understanding the breadth and depth of functions that make up data management can be daunting. At first glance, they can appear quite complicated (see Figure 1).
Navigating the Labyrinth: An Executive Guide to Data Management gives you a perspective that reduces this complexity. Based on the DMBOK2, it provides a high-level overview of how data should be managed to support organizational success. It also explains what can get in the way of this success. Understanding the principles and best practices for data management will help you identify and act on your organization’s opportunities to get more value from its data.
The first four chapters provide an overview of data management:
The next four chapters review the mechanics of managing the data lifecycle:
The following three chapters cover the foundational activities required to help build trust in data and ensure the organization can get value from its data over time:
Each chapter concludes with assertions about what you need to know about these topics. Chapter 12 What to do Now concludes the book with an approach to re-directing your organization’s data management practices through a current state assessment, a defined roadmap, and a commitment to organizational change management.
DAMA recognizes that to most executives, data management can seem obscure, complicated, and highly technical. You don’t have time to learn all the detail or cut through the hype. But if your organization depends on data – and most organizations do – then you have a critical role to play in enabling success. Reliable data management takes organizational commitment, and organizational commitment comes from leadership. DAMA hopes that by navigating the labyrinth of data management, you can develop opportunities for your organization to get more value from its data. This book will explain the fundamentals and help you understand why they are important, so you can focus attention on how to build trust in your organization’s data through efficient and effective practices.