Data Classification
In the field of data management, data classification as a part of Information Lifecycle Management (ILM) process can be defined as a tool for categorization of data to enable / help organization to effectively answer following questions:
- What data types are available?
- Where are certain data located?
- What access levels are implemented?
- What protection level is implemented and does it adhere to compliance regulations?
Results of Data Classification:
01
Easy Access to data
02
Improves spend visibility and purchasing process
03
Standard coding reduces duplicates
04
Data Synchronization and process flow integration
05
Legitimate categories to facilitate the business
06
Drill down and Roll up analysis
07
Effective and Efficient data management
08
Relate business rules to data classes
09
Enhanced data quality
10
Optimize data storage
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