Business leaders in every industry know and understand that data is important. Without data, there can be no digital transformation to maintain parity and build a competitive edge. Data management as a service is the most disruptive driver of a radical digitization approach as it offers a way to propel a business, past competitors. It is a necessity for organizations to have an effective data management plan in order to thrive in the global marketplace.
The actual question is does your organization have access to sufficient resources and advanced technological tools to manage data effectively while meeting organizational objectives?
Data Management
Data Management refers to a professional way of maintaining an architecture for collecting, validating, keeping, and using data securely and efficiently. Data management is the spine concerned with the end-to-end lifecycle of data. Every organization needs a simplified & scalable approach to manage the company’s data in the most effective way possible and data management as a service (DMaaS) supports that throughout from creation to retirement and the controlled functioning of data to and from each stage.
Data Management-as-a-Service (DMaaS) is a type of cloud service that offers a centralized storage platform for different data sources and is aimed at establishing a fine-tuned data management process for enterprises. With best-in-class data management services, organizations can reduce the time, complexity, and manual effort involved in ascertaining the data quality. The operating costs for DMaaS can vary depending on how much service is consumed by the customer. Technically, it is possible to facilitate DMaaS using on-premises infrastructure but all the infrastructure must be managed by the DMaaS provider to be considered as a service.
At the heart of every business, data management-as-a-service is gaining a lot of momentum in the business landscape. New and rapid technological advancements in cloud computing have made cloud-based data management easier to use and seamlessly accessible. Businesses relying on the use of DaaS platforms can see improvements in data storage and management. With the next-generation, client-focused DMaaS in place, more businesses are migrating their data storage to the cloud saving on both time and costs. The digital-first and cost-effective solution helps managers take control over diverse data sets and solve operational challenges with transparency and governance.
Organizations that implement DMaaS in their work processes can find and access trusted data for their queries along with adding value to their customers and improving their bottom line.
How Data Management as a service works
As the name itself indicates, DMaaS should be followed as a service - it is not DMaaS if an organization has to buy, install, and maintain a well-defined infrastructure to perform data management. Organizations using data management services explain their customer-centric requirements to the vendor as to how many users should be registered and what amount of data storage each user will need. The infrastructure required to provide data management as a service will be automatically managed by the vendor.
A comprehensive data management solution ensures scalability, data-driven insights, and easy accessibility to a company’s disparate sources of data. Data sources can include database servers, file servers, virtual machine databases, application servers, etc. DMaaS leverages cloud services to protect and manage data as a valuable resource to unlock its true potential. The additional services include proactive compliance, legal hold, and centralized search. A centralized view across different data sources enables the best viewpoint for managers to take meaningful decisions based on actionable insights.
Benefits of DMaaS
The advantages of DMaaS set it apart from other cloud platform services as it delivers scalable and cost-effective database functionality without the need to commit to long-term investments.
Let us read about how cloud-native and consumption-based DMaaS hosts benefits to organizations:
Operational & financial efficiency: A complete DMaaS system ensures advanced workflow management to manage bottlenecks without compromising on the quality of data and promising operational & financial efficiencies. Traditional systems can be slow and expensive in terms of manual effort and administrative costs. Conversely, rapid deployment of hosted data management systems reduces the time and complexity across your organization.
Real-time data-driven insights: DMaaS helps managers generate real-time data-driven insights using a suite of cloud-powered analytics, thus leading to more informed and better decision making.
Ensures Compliance with Regulations: There is a risk of human error when organizations rely on individual IT professionals to manage data for compliance and legal purposes. The cloud system seamlessly integrates multiple data sources and configures to monitor for regulatory compliance and legal issues. DMaaS mitigates risk and supports compliance journeys by ensuring that critical data is governed in a fine way.
Technology and process expertise: DMaaS offers built-in data catalogs that enable quick troubleshooting of business problems and help businesses of any size extract the maximum potential & value of their data.
Getting Started
By leveraging Polestar's next-generation DMaaS solution, you can skip the hardware requirements and cluster setup of legal processes.
Interested in getting started with a DMaaS platform? Learn from Data experts at Polestar what it takes to master a DMaaS approach.
To find out how Polestar can help you deliver on a DMaaS approach for your business, please contact us.