Data Governance (Home Page)
Objective of Data Governance:
Improve the agility of data-driven business decisions.
Seamlessly share knowledge across the organization
Eliminate uncertainty and foster trust in data.
Drive value through collaboration in current workflows
Make security and privacy compliance effortless.
Benefits of Data Governance:
1. Increased Trust in Data:
Builds confidence in the quality and integrity of data, fostering trust among users and stakeholders.
2. Clear Accountability:
Defines roles and responsibilities for data management, promoting accountability and ownership of
data assets.
3. Efficient Data Discovery:
Facilitates easy access to data across platforms, enabling users to find and understand different types
of data assets.
4. Improved Data Quality:
Ensures that data is accurate, consistent, and reliable, leading to better decision-making and
operational efficiency.
5. Enhanced Compliance:
Helps the organization adhere to data privacy regulations and industry standards, reducing the risk of
non-compliance and associated penalties.
6. Improved Visibility:
Provides transparency into data usage, access, and changes, enhancing visibility and control over
data assets.
7. Empowered Decision-Making:
Enables informed and strategic decision-making by providing reliable and well-managed data.
8. Reduced Data Silos:
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Breaks down data silos and promotes collaboration by standardizing data management practices
across the organization.
9. Cost Savings:
Reduces the costs associated with data errors, redundancies, and inefficiencies through better data
management practices.
10. Organizational Alignment:
Aligns data management practices with business objectives, fostering a culture of data-driven
decision-making and innovation.
4 core DG principles
1. Transparency
Ensuring clear visibility and understanding of our organization's data assets and promoting
widespread knowledge sharing of this data across all departments and data users is fundamental to
our data governance framework. Transparency fosters trust and confidence in our data.
2. Accountability
The concept of data stewardship comes into play here, where individuals become ‘stewards’ for data
stored in different places across your organization. This involves moving away from the traditional
viewpoint on data, which generally had the IT function as the decision-making body for data assets
and data management.
Instead, set data definitions in place, look to identify key stakeholders across different departments,
and establish them as data stewards, responsible for the data that’s relevant to their department.
3. Integrity
Making sure the data catalog is accurate, relevant, timely, and compliant with policies and
regulations is critical in ensuring successful data governance.
Integrity also comes into play when dealing with how stakeholders discuss the impacts of decisions
on enterprise data and being honest regardless of the circumstances involved. The two sides of the
integrity coin are truthfulness regarding the effects of data processes and maintaining the highest
possible data quality.
4. Collaboration
We’ve all heard “Teamwork makes the dream work”. These sayings become clichés because they’re
true. Departments should have the opportunity to discuss the best practices to deal with data in
different parts of the organization. Setting effective data standards, and not idealistic ones, can only
happen through inter-department collaboration. An extension of this data governance principle is to
enable access to data through an intuitive catalog.
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BUSINESS DOCUMENT This document is intended for business use and should be distributed to intended recipients only.
