https://boardroomreview.blog/boardeffect-board-portal-main-functions
Flexible data management is a method which involves establishing and maintaining an information structure that is able to respond to the business demands. This allows businesses to better adapt to changes in the business environment, increase access to information and aid in decisions with the most accurate and current information available.
The need for flexibility is becoming more essential as companies are struggling to keep up with today’s fast-changing business environment. Modern organizations are living proof that change is the only constant. If a company’s infrastructure isn’t adapting to changing requirements and goals the infrastructure will quickly become outdated.
Flexibility is vital for companies to make use of their data assets effectively to gain competitive advantage. This can be achieved by embracing new methods of monitoring the health of data pipelines as well as data pieces (known as “data observability”) which can help identify and resolve issues before they impact security or quality of data. This approach provides an efficient, automated method to manage data which reduces human effort and speeds up the resolution of problems.
Another benefit of flexible data management is that it makes it simpler for different teams to share and access information. For instance, marketing may have a different way of tracking and remediating risks than IT, however both approaches can be combined up into a single, easy-to-read report which is then sent to the organization’s leadership. This is made possible by tools like data federation and business glossaries which are driven by metadata.