Today, data management has become the topmost need for companies. But, have you ever wondered where exactly data management came from? Let us explore more about the overall insights on data management services.
When did it all start?
It is said that data management came into existence in the 1890s. It all started when mechanical punch cards had recorded information i.e. data on a thick card. But, the method of data management was not at all widely spread until the 1960s. It was then when the ADPSO (Association of Data Processing Service Organizations) initiated offering data management suggestions to the organizations.
The applications of data management systems were very uncommon until the 1970s. While these systems were strictly made operational during those times. However, they offered business operations records to some extent and also pulled data from a relational database. The database would store all the information in columns and rows. In today’s term, we can call it a data warehouse.
What exactly do Data Management services mean?
Data management is the process of managing data while treating it as a valuable resource that has the highest potential to transform any organization. However, if we wish to manage data efficiently then we must have a successful data strategy. It also requires convenient methodologies that will integrate, integrate, access, govern, store, and prepare data for analytics purposes.
In today’s digital world, data is stored in organizations from multiple sources. The sources can be anything like scanners, smart devices, text or videos, transactional & operational systems, social media, sensors, etc. The most crucial aspect which needs to be considered is that the value of data is not based on its source, format, or quality. It depends on how you process the whole data.
Let us have a look at data management and its connections with other platforms.
AI, ML and Data Management
Today, a leading data management company implements AI (Artificial Intelligence) to carry its processes. AI is all about the terrific science that trains the systems to manipulate human tasks with the help of learning and automation. For instance, we all know that Machine Learning and Artificial Intelligence techniques are often used in deciding loan and credit processes, in the medical industry for medical billing processes, medical diagnoses, and more. However, it is more important than ever to have well-managed data or else mistakes can multiply at a faster rate.
IoT and Data Management
You must have heard about streaming data in which the data is fetched from sensors that are embedded in IoT devices. Data streaming analyzes real-time data on the go that offers efficient results by applying real logic to the data. However, it also recognizes data patterns and filters it for multiple uses as it enters into a medical organization. With this advanced technology, network monitoring, fraud detection, along with e-commerce and risk management becomes easier.
Viaante is the top data management company in India that offers a plethora of data management services. It also provides scalable services that have the best practices implemented with impressive technologies.