What does effective data management enable within an organization?

Effective data management allows organizations to be agile in responding to market changes and opportunities. It involves processes and frameworks that ensure data is accurate, consistent, accessible, and timely. When data management practices are in place, organizations can leverage data as a strategic asset, allowing them to adapt quickly to the evolving market landscape.

With effective data management, decision-makers can obtain insights from real-time and historical data, enabling them to identify trends, understand customer needs, and adjust their strategies accordingly. This level of responsiveness fosters innovation and competitiveness, giving organizations an advantage in seizing new business opportunities and mitigating risks associated with changes in market conditions.

The other options imply negative or undesirable outcomes, such as isolated departments, which can hinder collaboration and communication; higher data redundancy, which can lead to inefficiencies and confusion; and less emphasis on security, which compromises data integrity and trustworthiness. Thus, these options contrast directly with the benefits that effective data management actually provides.