Data management process for fast-growing companies

Abstract

This thesis aims to describe how fast-growing companies can benefit from working with the data management process. This Thesis will as well aim to describe how the fast-growing companies currently work with the Data Management Process. The theoretical approach is to research prior studies done within the topic. This Thesis will aim to describe how the Data Management Process was created and the purpose of the process. The research is done by using a qualitative method, with a focus on the following three research questions.

This Thesis is limited to the data management process and the respondent for the research has been selected from a need for collecting data for their external reporting.

The results showed that the Data Management process, can save companies time and create cost savings, from manual work. According to the research, financial data is relatively easy to use for data management. But customer-related data seems to be more challenging. Due to legislation and data governance, that as well impact the possibility of sharing and storing the data.

The Open Data concept has been effectively implemented in other industries. According to the research there is a common interest, to increase the way of working with data as an ecosystem. How companies can share and handle data in a compliant way. So that it can create a more efficient way to store and share data, so it is done according to the legislations.