Data Governance

Data governance encompasses the roles, processes, standards, and tools that ensure data quality throughout its lifecycle and appropriate use within an organization. It empowers users to find, prepare, utilize, and disseminate trustworthy data independently, reducing dependence on IT support.

Benefits of Data Governance

The core advantage of data governance lies in supplying the quality data needed for analytics and Business Intelligence (BI) tools. These tools facilitate superior business judgments and enhance organizational efficiency. Other key advantages include:

• Enhanced data reliability, thoroughness, and uniformity.
• Mitigation of inappropriate data use.
• Consensus on universal data definitions.
• Elimination of data compartmentalization across different departments and systems.
• Bolstered confidence in data for analytical and decision-making purposes.
• Simplified data discovery, enhancing data accessibility.
• Strengthened adherence to data protection regulations and other legal mandates, such as the EU General Data Protection Regulation (GDPR) and the US Health
• Insurance Portability and Accountability Act (HIPAA).

Moreover, a leading trend in Business Intelligence and data for this year is the integration of data management with security, privacy, and identity and access management due to evolving regulations. Hence, security and governance are increasingly becoming critical, particularly when sharing APIs and data with external partners.