Flexible data management is the process of establishing and maintaining information structures that respond to business demands. This enables organizations to better adapt to changes in the business environment, enhance access to information and aid in decision making with the most current and accurate information.

As companies struggle to keep up with a rapidly changing business environment, flexibility becomes more important. The old adage that the only constant is change is in modern organizations, and if a company’s information infrastructure isn’t up to date with the changing needs and strategic objectives, it will quickly become obsolete.

Flexibility is crucial to ensure that businesses can effectively utilize their current and future information assets to gain competitive advantage. This can be achieved by adopting emerging methods of monitoring the health and integrity of data pipelines and individual data pieces (known collectively as “data observability”) which help identify and fix issues prior to them affecting the quality of data or data security. This approach offers an automated and proactive way to manage data, which reduces human effort boardroomreview.blog/virtual-data-room-prices-for-organizing-future-costs/ and speeds problem resolution.

Flexible data management allows teams to share and access information. Marketing may track and remediate risks in a different way than IT. However, both approaches can be combined into a single report that is easy to read and can be communicated to the leadership of the company. This is possible through tools such as data federation, business glossaries and metadata-driven information dictionary.