Why is data governance important to your business? The power of data is driving businesses today is well-recognized. Successful data governance requires alignment to clearly defined business requirements. However, many organizations have failed to achieve data governance objectives because they do not invest in governance over data. In this article at Street Fight, Nick Godlove explains why it is critical to building a data governance team right now in your organization.
Importance of Data Governance Team
Data governance is all about understanding what your data is and where it is stored. Establishing a data governance team provides you with a comprehensive view of all data assets. Additionally, it is far easier to assess to is responsible for specific data. By establishing a governance team, your business can benefit from improved data quality.
How To Establish a Prosperous Governance Program
Establish Data Governance Leadership: The Chief Data Officer must ensure the data governance efforts remain on track, on budget, and generate expected results or ROI.
Build a Data Governance Team: Representatives from different departments must collaborate across the enterprise to ensure governance processes are followed, data literacy is cultivated, and compliance standards are met.
Choose Modern Technologies: To facilitate effective data governance, ensure your team is equipped with modern technologies that deliver a broad range of integrated capabilities for data quality, governance, and analytics.
Who Should You Include in Governance Team?
The data governance team brings a unique combination of technological, legal, compliance challenges. The team must include:
- IT executives to manage the data collection, storage, and to administer the permissions to access data.
- Legal experts to oversee the reporting, documentation, and compliance components to set the foundation for data governance policies.
“Depending on business size and resources, it may make sense for the data governance team to start selecting key players, wrangled by a project manager,” says Nick.
To read the original article, click on https://streetfightmag.com/2020/07/31/why-you-need-to-build-a-data-governance-team-right-now/#.X3v3smgzY2w.