The process through which businesses collect, store, access, and safeguard data from various business software systems is known as data management. Utilizing data management makes it easier to gain access to data analytics, which provides the insights required to enhance company processes and spot improvement possibilities. Companies can increase their capacity to provide customers with meaningful products and services by creating a better framework for accessing the vast amounts of data that every organization creates. The size of the worldwide enterprise data management market was estimated to be USD 82.25 billion in 2021, and it is anticipated to increase at a CAGR of 14.0% from 2022 to 2030.
Data Management in Healthcare
The process of storing, safeguarding, and evaluating data gathered from various sources is known as healthcare data management. Biologics CDMO companies make great use of data management in day-to-day processes. Health systems may develop comprehensive images of patients, customize treatments, increase communication, and improve health outcomes by managing the abundance of healthcare data that is readily available.
Data Management in Automotive Industry
The demand for connected cars has grown along with the development of the automotive industry’s technology, as has the requirement for data management systems to track user activity and evaluate and comprehend client needs. Data analytics is increasingly employed in product development, industrial processes, logistics, and aftermarket solutions when it was previously restricted to marketing and sales. However, the demand for automotive data management is rising as connected vehicles are being used more and more. The automotive data management industry is expanding due to the increasing use of embedded sensors in self-driving cars. By 2030, the automotive data management market will reach $4,807 million.
Data Management in Education Sector
Education data management has made it possible for schools to help students throughout the pandemic. School systems keep more information about kids than just test results and completed homework. They have family incomes and residential addresses. Schools can address students’ needs not only on an educational level but also on other ones, thanks to the data they collect. Many districts provided resources like hot spots and free lunches to students in need after schools closed.
Data Management in Aviation Industry
Data management is crucial for the aviation industry’s efficiency, asset value, safety, and airworthiness. Data generated by an airline and its planes must be gathered and categorized in order to be helpful. This information might range from engine performance and logbooks to part certificates, flight record information, maintenance work orders, and tech logs. Information reveals if an airline’s planes are airworthy. When discussing statistics, airworthiness compliance is always the first and most crucial factor to address. When an aircraft is returned to the leasing company, for instance, one of the first things the leasing company will do is do a records verification to examine the records that go with the aircraft, including ensuring that the data is accurate. They perform it in order to verify whether the aircraft complies with airworthiness requirements, which directly affects the asset’s value. Nobody would purchase a plane whose airworthiness was in question. As a result, data and asset value, as well as data and airworthiness compliance, are directly related.