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data_value_management_system:data_value_management_system

Data value management system

Definition

A data value management system is a management system with regard to business value of data.

Abbreviation

DVMS

Note

The objectives of a data value management system (DVMS) are a) effective use of data, b) an efficient data processing process and c) data user satisfaction.

Keyword here is data driven.

Relations

A data value management system consists of elements which each have a lifecycle that should be managed.

Data value management systemis child of adata management system
Data value management systemis sister ofdata quality management system
Data value management systemis sister ofdata security management system
Data value management systemconsists of data value objectives
Data value management systemconsists of data value policy
Data value management systemconsists of data strategy
Data value management systemconsists of data architecture
Data value management systemconsists of data value stakeholders
Data value management systemconsists of data value issues
Data value management systemconsists of data value risk analysis
Data value management systemconsists of data value requirements
Data value management systemconsists of resources (IT, tooling, financial, staff)
Data value management systemconsists of data competence (capabilities)
Data value management systemconsists of data value awareness (data literacy or data fluency)
Data value management systemconsists of data value communication (communication about data)
Data value management systemconsists of data value management roles
Data value management systemconsists of data processes (internal and external)
Data value management systemconsists of data contract
Data value management systemconsists of metadata (incl. data model and data lineage)
Data value management systemconsists of data user satisfaction
Data value management systemconsists of data supplier
Data value management systemconsists of DVMS continual improvement
Data value management systemconsists of DVMS management review (data governance)
Data value management systemconsists of DVMS internal audit

All elements of a DVMS have to be managed and have their own life cycle.

Characterics

  • DVMS Maturity
  • DVMS Effectiveness
  • DVMS Efficiency
  • DVMS Completeness
  • DVMS Level of integration with other management systems
  • DVMS Scope

Life cycle

  • Plan DVMS
  • Develop DVMS
  • Execute DVMS
  • Describe DVMS
  • Extend DVMS
  • Evaluate DVMS
  • Audit DVMS
  • Review DVMS by management
  • Improve DVMS
data_value_management_system/data_value_management_system.txt ยท Last modified: 2023/09/13 10:53 by andrew

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