By adopting aggressive metadata analysis across your complete data management environment, you can reduce the time-to-delivery of new data assets to users by as much as 70% through 2024.
This is according to Gartner’s Market Guide for Active Metadata Management, and it really drives home the potential value of active metadata management.
But what is active metadata management?
That’s what we’re going to answer in this blog, as well as:
By the end of this article, you’ll have a clear idea of what it is, and why you need it. As well as practical examples of how it could affect your business.
If you need help managing your active metadata, book a demo to see how OvalEdge can help.
The term ‘Active Metadata Management’ has increased in popularity thanks to Gartner, who defines it as:
“The continuous analysis of all user, system, and infrastructure reports and data governance that enable alignment and exception cases between data and their actual experiences”
If you’re new to the term, but this definition sounds familiar, that’s because it’s essentially talking about data catalogs.
Essentially, it involves cataloging your data by collecting metadata and ensuring it's current and up to date.
This includes data like name, description, relationships to other data, etc, and can be used to improve company processes, comply with regulations, build new apps, and much more.
There are two ways in which metadata is made active—automatic and human curated—and you need a combination of the two to get the most value.
This is when you automatically extract active metadata from the source system, and analyze the data. This will happen when you first connect to a source, but you also need to monitor for changes and update metadata accordingly.
This type of metadata can be categorized in four ways:
The idea is that all these things can be extracted or calculated automatically, without manual intervention.
If someone creates a table, we can automatically pull in the data metadata, but someone needs to manually enter who created it, why they created it, etc.
Basically, we also need to capture the context surrounding the data, which required human input.
This allows anyone else who uses the data to better understand a number of things:
The automatic has less value without the human curated metadata, and vice versa. This is why both are done through the same workflows and ecosystem, bringing the human aspect and tech together to create the most value.
If data governance is an airplane, then active metadata management is the engine that powers it.
But not only can it power an airplane, it can also power a car, a boat, a helicopter, and more. These are a few other things active metadata can power:
This is because all these things rely on active metadata to function, or at least make the process much easier and faster.
Essentially, active metadata creates efficiency by capturing the information and context that makes data so valuable. It’s also the reason you can search and find the data you need, rather than every task feeling like you’re looking for a needle in a haystack.
As we’ve already touched on, data quality is a huge reason to use active metadata management. Without a high level of data quality,
This is critical, because decisions made based on data analysis can only be as good as the quality of the underlying data. Poor data quality will lead to inaccurate insights, misguided decisions, wasted resources, and even reputational damage.
Active metadata management ensures that metadata is continuously updated and accurate, which leads to improved data quality.
For example, if a data source changes, the metadata can be updated to reflect the changes, which helps avoid errors and inconsistencies.
Efficient data management is important for organizations to effectively collect, store, process, analyze, and utilize their data. And inefficient data management can cost you time, money, security, and compliance!
Active metadata management improves efficiency by making it easier to find, access and manage your data company-wide. For example, if data is properly labeled and classified with metadata, it can be easily located, retrieved, and used for analytics, saving time and effort.
It’s impossible to talk about data in 2023 without talking about compliance. Whatever industry you’re in, you’ll inevitably have data laws and regulations you need to adhere to.
But you can’t be compliant if you don’t know which of your data is sensitive.
Active metadata management helps organizations comply with regulations by providing better visibility into the data environment, enabling data lineage tracking, and improving data governance.
This includes sensitive classification data like PII, confidential, top secret, etc., which can be done automatically, or added manually.
For example, if you’re a financial services company, the Sarbanes-Oxley Act (SOX) requires companies to maintain accurate and complete financial data. Active metadata management helps you comply by providing visibility into the lineage of financial data, and by ensuring that financial data is properly classified and labeled.
Related: The importance of Data Governance in Banking and Financial Services
All of these things have been a priority to us as we’ve built and developed OvalEdge, making active metadata management both easy and effective for our customers.
We connect all your data sources via API’s, creating active metadata for every piece of data. This includes external sources like Jira, ServiceNow, AWS, and many more.
The OvalEdge data catalog is our one-stop-shop for all your data. As we covered at the start, the data catalog is what most people mean when they talk about active metadata management. That’s because this is the primary way you view your metadata.
Through our data catalog, you can do the following:
Basically, this is your starting point for active metadata management, and will help you to plan and understand everything else you can do with your data.
We’ve explained how important data quality is to your company, so you’re probably not surprised to hear that OvalEdge helps you with your data quality pipeline.
You need effective and robust business processes supporting your data quality, and we help you at every stage of the data quality improvement lifecycle:
One of the biggest opportunities you have when maintaining high quality active metadata is the ability to use this data in your engineering. You can build/expand apps and tools to help both your customers and your business.
It also encourages collaboration within the business by making the data more available, and helps you improve data literacy across the company.
We also give you the tools to do impact analysis, define workflows, and carry out orchestration tasks.
The regulations like GDPR, CCPA, and others require organizations to keep customers' PII encrypted and with utmost care. Additionally, they must have the ability to delete it from all their systems when requested by the customer.
Although multiple solutions are available for data encryption and access control, finding PII (Personally Identifiable Information) data across hundreds of databases, archived storage, and data lake is a major challenge.
Our data privacy compliance tools simplify this, and by using a centralized repository for all your active metadata, it’s so much easier to stay on top of these regulations.
Related: How Chief Data Officers overcome three key challenges they face
It’s not just external compliance that matters to your company. It’s important to consistently adhere to your own internal standards and data policies.
This is why data governance is so critical!
OvalEdge is a feature-rich data governance solution, supporting you to manage and maintain your active metadata, the way you want.
We do this with a combination of features and tools, including:
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