Data Vendor Management is the process of overseeing and managing the data vendors used by a business. It involves the selection, implementation, and maintenance of data vendors, as well as the assessment of their performance. This process ensures that the data vendors used by the business are reliable, secure, and compliant with all applicable laws and regulations. It also helps to ensure that the data vendors are able to provide the business with the data it needs in a timely and cost-effective manner. Data Vendor Management also involves the monitoring of data vendors to ensure that they are meeting the business’s expectations and that any changes or updates to their services are properly communicated. By managing data vendors in this way, businesses can ensure that they are able to make the most of their data and that they are able to use it to make informed decisions.
