4.5. Managed Strategically Name: Managed Strategically Statement: Information and Data are Managed Strategically. Rationale: • Information and Data are managed across all data management capabilities and throughout its lifecycle, according to industry standards and best practices, for the purpose of answering current and future business needs. Implications: • Data Management Functional leadership must exist to ensure all aspects of managing information and data are included to cover all facets of business data needs. • Functional leadership must create and ensure their standards are applied and monitored for conformity. • Interoperability is the target, and integration is the interim solution, to avoid data silos, replication and unnecessary processing and movement. • Managing Information and data is often a collaborative effort between data professionals and business professionals. • Measuring the maturity of information and data management practices is of value to ensure improvements and alignment to business needs. • Full functional and lifecycle management is necessary to manage risks, compliance and should be auditable. References: • CDO