Meaning of the word "data management" in English

What does "data management" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

data management

US /ˈdætə ˈmænɪdʒmənt/
UK /ˈdeɪtə ˈmænɪdʒmənt/

Noun

the practice of organizing and maintaining data processes to meet ongoing information lifecycle needs

Example:
Effective data management is crucial for business intelligence.
The company invested heavily in new data management systems.