DATA MANAGEMENT

Abstract

As the saying, the future is where the destiny goes….the future of any organization is going to be the number crunch that is data management. It goes like the destiny is going to be based on the big data management. In today’s scenario, Challenges faced are capturing, storage, analysis, search, sharing, transfer, visualization, querying, updating, privacy, meeting the need for speed, data quality, understanding data& many more to go. The analysis techniques used also matters a lot. In 2001, Bank of America solved the problems with managing the data across the enterprise. Through a single enterprise data model & standards, the bank could achieve the consistent, timely, & accurate data it was lacking across its franchisee. Data extracted from the data warehouse are analyzed by data mining software to discover the hidden patterns based on which decisions were made easy. Our desk research work is concentrating on the importance of number crunch or data management in this competitive Corporate World. Companies have to create an edge to stay in the market. Not only the survival is vital but having potential customers base is also utmost important. As it is seen Reliance Jio is creating a customer base leaving the competitors such as Airtel and other telecommunication service companies work hard for the survival. Motto of this desk research work is to analyze the importance of data management in various sector but the focus is on academics.