Reportstack has announced a new market research publication on Enterprise Data Management Market Growing in Response to Data Governance Requirements which is is growing at a CAGR of 8.66 percent from 2013-2018, thanks to increased demand for data governance among organizations.
Enterprise data management solutions automatically capture data from enterprise systems, applications, and third party cloud services, and help organizations standardize and de-duplicate data related to their operations. This helps minimize organizational data issues and conflicts resulting from the mismanagement of information.
Data Governance for Better Decision Making
Due to the unprecedented increase in the amount of enterprise data in recent years, data governance has been implemented in companies to improve decision-making across various sectors of an organization.
In order to keep track of data and the flow of information from various repositories of an organization, data governance teams made up of team of managers, project heads, and decision-makers require data integration tools, which is further increasing the demand for enterprise data management solutions.
“Data governance requires data quality, data profiling, and data mining applications to interoperate strongly,”.
Many vendors are offering special data integration software to address the need of data governance in an organization. For instance, SAS/DataFlux integrates metadata management and message-oriented data movement to support enterprise data governance.
“Enterprise data management helps to collect all the structured and unstructured data at a single destination for convenience and a more streamlined approach. This will lead to better decision-making without wasting time in retrieving the required data, and demand for this ease-of-access will be a big factor fuelling market growth over the projected period,”.
Some key vendors in this market include:
SAS Institute Inc.
To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Enterprise Data Management Market Growing in Response to Data Governance Requirements.