has also wreaked havoc for many businesses
On the other hand, metadata has also wreaked havoc for many businesses and organizations. Metadata management led to the tactics for search engine optimization. As the digital assets grew, it gave way to the realization that decreasing the search time would help make a workgroup more productive, which would offer increased control and would need compliance requirements, that arrived as part of the more stringent and tightened corporate governance rules. This has led to the increased adoption of taxonomies, content management systems, schema standards, and controlled vocab find ularies that have the ability to control them.
According to a survey conducted by the TDWI Research, metadata management associates with several desirable outcomes, such as better data sharing across an enterprise, more compliant use of data, faster response to change, and reduced data-related risk.
The major companies in the market are Informatics Corporation, IBM Corporation, Oracle Corporation, Collibra, and ASG Technologies, among others. The focus of the prominent players in the market is towards the development of cloud software to enable the transfer of on-premises applications to cloud and secure the enterprise data in both the environments. It is believed to be accelerating cloud-based deployment in the industry.
Geographicallexpected to constitute the largest market share, followed by Europe. North America houses a majority of the technology house industries with a huge operation base. It has also witnessed a prevalent adoption of on-premises and cloud-based data management and governance solutions in most of these industries. North America is forecast to substantially adopt enterprise metadata management solutions, owing to its technological advancements and higher spending on data management solutions, to achieve enterprise goals.
Managed metadata environments and metadata management systems are being used in or business ganizations that assure an efficient and consistent capture, integration, and delivery of metadata. Initiatives taken to execute metadata management in an organization can be a difficult task, and several information systems have evolved their technologies over time to support such kind of environments. Expert studies have used a Delphi research method for identifying the critical success factors of these initiatives. Out of the ten crucial factors nominated in the early rounds, nine factors were considered to be significantly important, and one factor was moderately important. These factors are to be used as the base for the implementation of enterprise metadata management initiatives in businesses.
An effective and efficient metadata management system is one of the key driving forces of the data and information management system, and can significantly help enterprises and organizations bring about improved information quality and efficient data management and governance. The key to modern business success is utilizing metadata to establish data privacy, enhance data quality, and empower business analytics.
Metadata Management is at the forefront of the future of data management.