Data Management

Data Resource Management is the development and execution of architectures, policies, practices and procedures that properly manage the information needs of an enterprise. Companies often keep raw information in online transaction processing (OLTP) systems, which track day-to-day operations. But OLTP systems aren’t well suited for answering strategic questions for a business. To answer those kinds of questions, a company needs an analysis system with the ability to perform ad hoc queries and create specialized reports. A data warehouse provides business users with a multidimensional view of the data they need to analyze business conditions. It is a database that collects business information from many sources in the enterprise, covering all aspects of the company’s processes, products and customers. The software designed for organizing data and providing the mechanism for storing, maintaining, and retrieving that data in a database is called a database management system (DBMS). The large amount of stored data has to be mined in order to find underlying relationships and patterns. The process is called data mining.

Sources: http://www.dama.org/

http://www.computerworld.com/itresources/rchome/0,4167,KEY241,00.html

http://www.apics.org/ (10th ed.)

See: Information Technology