Description: External data management refers to the process of managing and controlling information that comes from sources outside an organization. This process is fundamental in data governance, as it ensures that external data is accurate, relevant, and aligned with the organization’s policies and objectives. External data management involves the collection, storage, integration, and analysis of data that is not generated internally, which may include data from customers, suppliers, business partners, and public sources. Proper management of this data enables organizations to make informed decisions, improve the quality of their products and services, and comply with regulations and standards. Additionally, external data management also encompasses the assessment of data quality and security, as well as the implementation of strategies to mitigate risks associated with the use of external information. In an increasingly interconnected business environment, the ability to effectively manage external data has become a critical component for organizational success, allowing companies to quickly adapt to market changes and seize new opportunities.
