Data management refers to the systematic process of gathering, arranging, securing, and storing information that organizations use to make decisions. It has become more important for several reasons, and organizations have more data since technology creates vast amounts at higher rates.

The process of managing data has several facets. For example, it involves backing up and storing data. Some organizations have faced data loss, a major challenge. Older file processing systems require a lot of time, especially when dealing with large amounts of data. Data management automates backups.

In addition, data management improves resource transparency, allowing people to allocate the appropriate data for their analysis swiftly. It also allows employees to quickly locate the information they need to perform their tasks more effectively.

Lastly, data management allows organizations to share information with those who have permission to access it. In most cases, management has full access. However, protocols enable organizations to make it available to designated stakeholders and staff, including third parties.