According to Eric Schmidt of Google, as a society we produce as much data in two days as we did from the dawn of civilization until 2003. In terms of business, there is so much data being produced on a regular basis that data management solutions are often needed.
From 2011 to 2012, data collection in America increased an incredible 400 percent. For companies who handle a large amount of data, tools for data management are needed. Data management did not become a popular concept until the late 1980s, when computers and the internet became more complex.
The inaccurate use of data costs American businesses an estimated $600 billion dollars annually. For example it is important that when buying land due diligence is taken. When someone is buying land due diligence must be shown in terms of going over the data of that land. One can delve into the world of land data management by oneself, or use one of many data management companies.
Data management can also allow for a large amount of revenue recovery after recovering valuable information. When data is handled the right way, it can be stored on cloud services or in places where no one can get their hands on it. Managing data allows companies to be more informed and more secure, and is increasingly important in this complex economy. Visit here for more.