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Data Governance

Data governance is like the WHO-WHAT-HOW-WHEN-WHERE-WHY of data management. It’s all about how you handle the data collected within your business. All organizations need to plan how they use data so it’s handled consistently throughout the business.

This not only ensures that data is safe and handled in compliance with regulations but also helps you gain value from all the information at your fingertips – improving business performance.

What is the role of data governance?

Data governance is the initiative a company takes to create and enforce a set of rules and policies regarding its data. These policies cover issues such as: Assigning accountability to employees responsible for data assets. Granting or restricting access to data, as needed.

What is a data governance program?

The management processes and policies necessary to ensure that data captured or generated within a company is of an appropriate standard to use, represents actual business facts and has its integrity preserved when transferred to repositories (e.g. Data Lakes and / or Data Warehouses, General Ledgers etc.), especially when this transfer involves aggregation or merging of different data sets. See the full article for more details.

Why is data governance so important?

Data governance is a set of processes that ensures that important data assets are formally managed throughout the enterprise. It ensures that trusted information is used for critical business processes, decision making, and accounting.

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