What is 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. The Data Governance Institute (DGI) has outlined some of the benefits of data governance. They include:
- Enabling better decision-making
- Reducing operational friction
- Reducing costs and increasing effectiveness through coordination of efforts.