Data collection and management is a core component of business, and is critical for those companies that want to have success today. Companies must be adept at internalizing data that allows them to provide better products and services to their customers and to become more efficient internally.
We live in a data driven world and with some many data collection points today including on ground and most importantly online, companies can become overwhelmed tracking all of this data and positioning it so that it is usable. But these challenges must be met because the alternative is falling behind the competition and missing out on opportunities that can take your business to the stratosphere.
Most companies are surprised to discover the complexities around data when they begin looking to secure a solution for it management. The smart companies ultimately turn to data management software in order to get the best results from their data management efforts. These software packages break down collection and management into several different components and provide governance protocols for all key areas.
Data Lineage – Tracking Your Data
Perhaps the most important area is Data lineage. Data lineage relates to understanding metadata and its life cycle within your organization. It involves the inputting and movement of data within your organizations systems. This encompasses where the data comes from, what it will pass through the processes you use to make it most valuable within your organization, and where it ultimately goes.
As you can tell, these are critical elements of data management and as such must be conducted
With the highest levels of efficiency. Data lineage forms the foundation for calculations and actions taken regarding the data. If it is not done properly, every assumption and move made based on the collected data will likely be inaccurate.
Genesis of Data Lineage Tracking
Initially companies simply threw manpower at tracking data. This was a cumbersome job that involves lots of different people, keeping track of lots of data in a myriad of databases, that all needed to be understood and weighed. The process was very inefficient and led to many mistakes occurring due to human error. Just as problematic, there were limitations to the usability of the data because the complex calculations needed to determine its full use could not be implemented. As more data needed to be analyzed and tracked it became apparent that humans could not effectively manage this process and as a result data governance solutions became prominent.
Data Governance Solutions for Data Lineage Tracking
Data governance solutions make it easy to track your data lineage. This feature is a core part of the software. Your team is instructed on how to enter and scrub data and it lineage is tracked from the moment it enters the system, your company can track every movement of the data, understand clearly how it has been implemented and even undo however it has been altered or modified.
Data based projects within your company will all need to have the most thorough and sophisticated trackability today. This is not a static event, it must be constant and give off information that allows you change any elements of your project that are not effective and to do it in real time. It also must throw off data that can be used to make any new projects more effective from the start. Finally you can audit the results of your, thereby gaining valuable and deep insights. Utilizing a data governance software allows for data lineage automation and gives your company all of these benefits.
Author | Emily Forbes |
An Entrepreneur, Mother & A passionate tech writer in the technology industry!