Data Management

Definition

Systematic methods for collecting, storing, analyzing, and using data.

Historical Background

2010s: big data technology enabled data-driven decision-making.

Example

Production, sales, customer data systematically managed. Like an information treasure trove.

Formula

Data Value = f(Completeness, Accuracy, Timeliness)

Core Concepts

Decision support foundation: systematic data management for scientific decisions.

Extended Applications

Collection: automated, manual; storage: databases, warehouses; analysis: reporting, mining; application: decision support, prediction; security: privacy, backup.