The metadata management market will double in size during 2017, driven by the proliferation of data from the internet of things (IoT) and big data. Information is recognized as a business asset that can create real value. Gartner predicts that the metadata management solutions market will double from an estimated value of $170 million in 2016.
What is Metadata?
Metadata describes various facets of an information asset in order to improve its usability throughout its life cycle. Simply stated, metadata is information that describes other data; essentially, data about data. It is the descriptive, administrative and structural data that defines assets.
Actify Centro provides metadata management to help businesses standardize and share project files and engineering metadata, helping to exploit the value of all your organizations’ product information assets.
Metadata – Value to business users
Use metadata to search, retrieve, and evaluate information.
- Find data:
Create a condition based search criteria using attributes and associated metadata to define what the file is, rather than guessing where the file is located.
- Data Discovery & Reuse:
Unstructured data lacks control and meaning, metadata restores meaning for analysis or interpretation. Metadata makes information more relevant, palpable, understandable and useable.
- Browse Metadata:
Without relationships, data is only of limited use. Centro enables users to explore associated or related data that is connected by common metadata attributes. When analyzing data, the relationships connecting data can be just as important as the data itself.
Metadata – Value to the Organization
Actify Centro provides essential capabilities for organizing and managing broader enterprise initiatives such as:
- Data governance:
Centro Catalog is a collaborative business glossary of enterprise information to manage all your data assets.
- BI and analytics:
Centro integrates and mashes together different data types at scale providing data visualization to enable better decision-making.
- Master data management (MDM):
Actify Centro provides a 360-degree view of the enterprise enabling information workers to leverage big data insights.
Metadata is all about adding context to data. Metadata management facilitates data visibility. Having the maximum amount of information available to contextualize enterprise data allows managers to make the best decisions and improved business outcomes. However, value is not found, it’s made! So make the data meaningful to your users and your organization by managing it well. The need for organizations to treat information as an asset will make metadata management a strategic business tool. CIOs, data and analytics leaders must act now to secure the right investment.