“Data Governance is the exercise of authority and control (planning, monitoring, and enforcement) over the management of data assets.”
Data Governance Is NOT…
A "one-off" Tactical management exercise
The responsibility of the Technology and IT department alone
Why Is Data Governance Critical?
Higher volumes of data generated by organizations
The proliferation of data-centric systems
Greater demand for reliable information
Tighter regulatory compliance
Business change is no longer optional; it’s inevitable
Competitive advantage
Big Data explosion (and hype)
Benefits Of Data Governance
Assurance and evidence that data is managed effectively reduces regulatory compliance risk and improves confidence in operational and management decisions
Known individuals, their responsibilities and escalation route reduces the time and effort to resolve data issues
Improved opportunity to rapidly and effectively exploit information for customer insights and competitive advantage
Increased agility and capability to respond to change and events faster through joint understanding across users and IT
Reduced system design and integration effort
Reduced risk of departmental silos and duplication leading to reconciliation effort and argument
