Importance of Data Governance

1. Importance of Data Governance

2. Table of Contents • Data Governance • Data • Benefits of Data Governance • Data Governance Tools

3. Data Governance • Data Governance refers to all the policies, processes, standards, metrics and roles that collectively ensure information’s efficient and effective use for the purpose of enabling a business’ attainment of its goals. Data governance establishes those processes and allocates the responsibilities that are key to maintaining the quality as well as the security of the data that is used in a business. It is data governance that defines the interaction of circumstances, methods and actions with regard to data. • The roles, in the context of data, are clearly specified through data governance. Moreover, it ensures that there is mutual agreement across a business over responsibility (strategic, tactical and operational) and accountability.

4. Data • Since data governance has to do with data, let us briefly touch upon data as a concept. Data refer to a collection of statistics/facts that can be collected, reported, measured and analysed. Data are used in various organizational activities. • To digress, the content of websites (data) are stored on the servers of web hosting service providers. This stored data are delivered (upon request) from the servers to the users over the Internet. This is the process through which websites become accessible over the Internet. The most popular web hosting service providers are usually referred to as the “Best Web Hosting Company” or as the “Best Windows Hosting Company” or as the “Top Cloud Hosting Company” etc.

5. Benefits of Data Governance Organizations can benefit in several ways through the implementation of an effective data governance strategy. Its major benefits are as follows- • Enhanced data quality- By providing a proper framework, data governance makes sure that data is accurate and consistent. • Overall improvement in business activities- An improvement in business planning along with an improvement in financial performance and profit maximization for a business, result from using such data to make decisions that are regulated by data governance. • Provides common terminology for data- A consistent terminology for data is provided by data governance while ensuring retention of flexibility that is exercised by individual business units. • Provides data map- Through data governance the location of all data with regard to key entities can be understood. This is essential for data integration. • Compliance consistency- The necessary platform that is required to meet government regulations as well as the requirements of the industry is provided by data governance. • Enhanced management of data- Data management’s codes of conduct along with its best practices are established by data governance.

6. 1-800-123 -8156 Whoa! That’s a big number, aren’t you proud?

7. Data Governance Tools The tools for data governance should be scalable and should have the capability to be integrated affordably and quickly into a business’ existing environment. An idea data governance tool should ensure the following: • Data management- Data should be managed by it with the aid of metadata-driven ETL and ELT along with data integration applications. This helps to track and trace data pipelines. • Control of data- Data should be controlled actively with reviewing and monitoring tools. • Improvement in data quality- Quality of data should be improved through validation, cleansing of data etc. • Documentation of data- Data should be documented for augmentation by metadata to enhance relevance, accessibility, searchability etc. • Provide profiling and benchmarking capabilities- Data should be understood through benchmarking and profiling capabilities. • Provide empowerment to those that understand the data- This helps in tasks that have to do with data stewardship, through self-service tools.

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