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Each and every business needs effective Metadata Management so as to trust the data context. It powers effective action on information by providing context. Let us first know about `Metadata`. Metadata is the information describing different aspects of an information asset. It also improves its usability through its life cycle. The understanding provided by metadata unlocks the value of data. The data in context provides this understanding and allow it to be reused and retrieved so as for various uses in business and times. There are several best practices of metadata management so that you have a solid foundation on this topic. Metadata is all data about data. You can say it is much more than that. It digitally portray the who, when, what ,where, why and how of an organization`s data, processes, applications, assets, business concepts, and other things of interest.
Below are some benefits of Metadata Management:
- It contains the data information that helps coordinate the difference in terminology such as clients and customers, revenue and sales, etc.
- It helps reconcile uncertainty and inconsistencies when determining the associations between entities stored throughout data environment. Metadata management clarifies the relatioships.
- It contains information about the origins of a specific set of data. It can be unprocessed enough to define information at the attribute level. It may maintain auditable information about users, applications, and processes that create, delete, or change data, the perfect timestamp of the change and the authorization that was used to perform these actions. It provides clarity of data lineage.
Metadata management must be managed by executives and managers effectively. It is already acquired by financial and health market places. Good Metadata Management becomes complex to trusty; secure and useful business data. It is most demanded by auditors, governments, customers and other stakeholders.
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