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Top data management trends in 2019

Enterprise data management is an ongoing process and will develop for years and years. Data management needs to be updated in order to enhance the organization’s rapport and this made data management practices change because of its unparalleled rise in volume and variety of business data in the recent years across all business sectors.

General Data Protection Regulation (GDPR): The Second Name of Data Protection

This is about to happen real soon. General Data Protection Regulation (GDPR) will play an important role in transforming Data Management trends and practices in businesses far into the future. Under GDPR, every country will be observed by an original regulatory authority, and any revelation, moderation, or demolition of peoples’ data will be recorded to this regulatory body.

• GDPR puts more responsibilities on data collection agencies.
• GDPR assures expanded data access to individuals whose data has been compromised in any manner.
• On a strict basis of GDPR, data collection agencies have to take permission from individuals before sharing their data.

Data Monetization with Big Data

As enterprises have realized that data is a precious thing and will last longer than the systems themselves, they are now considering purchasing technologies like Big Data to monetize that asset associated with data acquisition, storage, analysis, and deployment. Hence, this analytics possible due to Big Data will hopefully enhance revenue generation for businesses in the future.

We have reached a landmark to leverage opportunity from data

Organizations seem to have reached a crossroad where the convergence of all these factors is having a noticeable effect. If you are compliant with the GDPR you will ultimately end it with a good data quality which will transform a reactive approach to data management into a proactive one. Organizations that do this are in the best possible position to drive value from better insight, efficiency and customer relationships.

Get the basics right for regulation and innovation

With change comes big opportunity and our key takeaway from this year’s findings is that it’s there for the taking. What we found particularly striking was the appetite for implementing data-driven innovation. Organizations are looking to drive opportunities from analytics, real-time processing, and automation amongst other things. It’s clear they see data as instrumental to staying ahead of the game. Data quality and good data management have therefore never been more significant if that’s going to become a reality. With the GDPR, now is the time to get your house in order and enjoy the results for years to come.

Become data-driven in 2019!

In this modern business world, the goal is to turn data into information, and information into insight. 2019 will be an inspiring year of looking past all the hype.

Lack of preparedness might seem daunting but don’t worry BDS have got you covered. BDS is fully GDPR compliant and that too in good time. BDS have years of experience and knowledge about data service domain. BDS is armed with professionals who have analyzed the GDPR effect and the required action of this new trend have already been taken!