Learn the basics of governing enterprise data for favorable outcomes. Read On!
Data governance is the process of managing data so that it can be used effectively. This includes setting standards for how data is collected, stored, and accessed. It also involves creating policies and procedures for managing data. Data governance is important because it helps ensure that data is accurate and consistent, and that it meets the needs of the organization.
An effective data governance program is essential for any organization that wants to protect and make the most use of its data assets. It typically includes a governance team, a steering committee that acts as the governing body, and a group of data stewards. The stewards are responsible for implementing and enforcing the standards and policies created by the governance team and steering committee. Ideally, executives and other representatives from an organization's business operations take part in addition to the CIO, IT and data management teams. This helps ensure that data governance is aligned with the organization's overall business goals.
An absence of proper data governance can lead to all sorts of business problems. Inconsistencies in data formats and structures across different systems can cause difficulty with data integration. In addition, without a formal process for identifying and fixing data errors, these errors can go undetected and distort the accuracy of BI and analytics applications. To sum it up, good data governance is essential for ensuring the consistent quality of an organization's data and maintaining the accuracy of its BI and analytics initiatives.
In order to maintain efficient and effective data governance within an organization, it is important to adhere to certain best practices. These best practices help ensure that all departments are on the same page when it comes to data management and that inconsistencies across different systems are minimized. Implementing these best practices can help organizations make the most of their data, avoid operational or analytic issues, and improve decision-making.
We refer you to an in-depth primer on Data Governance that defines and clarifies its key concepts and discusses the importance of adopting a Data Governance Framework that fits the organization and aligns with its business goals and objectives.
This data governance primer will help you understand:
- What is Data Governance?
- What are the benefits of Data Governance?
- How Data Governance works?
- Data Governance best practices
- Developing a Data Governance program
- A new Data Governance framework
- The design of an effective Data Governance organization
- An Approach to assessing Data Governance maturity
While the guide contends that Data Governance is not a one size fits all it proposes many best practices that can be adopted in developing a Data Governance program for an organization.