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Data Governance

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Suman Bhandari
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42 views16 pages

Data Governance

Uploaded by

Suman Bhandari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Data Governance

What is data governance?

• Data governance is the combination of individuals, processes,


technologies, and systems that work together to ensure an
organization's data is accurate, secure, and easily discoverable for
employees. Businesses use data governance to safeguard their data,
control who has access and who is responsible for owning and
managing it, and distribute it to employees for routine use.
Data governance contd…
• Data governance is a term used on both a macro and a micro level.
The former is a political concept and forms part of international
relations and Internet governance; the latter is a data management
concept and forms part of corporate data governance.
Macro level

• On the macro level, data governance refers to the governing of cross-


border data flows by countries, and hence is more precisely called
international data governance. This new field consists of "norms,
principles and rules governing various types of data."
• There have been several international groups established by research
organizations that aim to grant access to their data. These groups that
enable an exchange of data are, as a result, exposed to domestic and
international legal interpretations that ultimately decide how data is
used. However, as of 2023, there are no international laws or
agreements specifically focused on data protection.
Micro level

• Here the focus is on an individual company. Here data governance is a


data management concept concerning the capability that enables an
organization to ensure that high data quality exists throughout the
complete lifecycle of the data, and data controls are implemented
that support business objectives. The key focus areas of data
governance include availability, usability, consistency, data integrity
and data security, and standards compliance. The practice also
includes establishing processes to ensure effective data management
throughout the enterprise, such as accountability for the adverse
effects of poor data quality, and ensuring that the data which an
enterprise has can be used by the entire organization.
Macro level contd..
• Data governance encompasses the people, processes, and
information technology required to create a consistent and proper
handling of an organization's data across the business enterprise. It
provides all data management practices with the necessary
foundation, strategy, and structure needed to ensure that data is
managed as an asset and transformed into meaningful information.
Goals may be defined at all levels of the enterprise and doing so may
aid in acceptance of processes by those who will use them. Some
goals include:
Goals
• Increasing consistency and confidence in decision making
• Decreasing the risk of regulatory fines
• Improving data security
• Defining and verifying the requirements for data distribution policies .
• Maximizing the income generation potential of data
• Designating accountability for information quality
• Enabling better planning by supervisory staff
• Minimizing or eliminating re-work
• Optimizing staff effectiveness
• Establishing process performance baselines to enable improvement efforts
• Acknowledging and holding all gain
Data governance drivers

• While data governance initiatives can be driven by a desire to improve


data quality, they are more often driven by Corporate-level leaders
responding to external regulations. In a recent report conducted by
CIO Water Cooler community, 54% stated the key driver was
efficiencies in processes; 39% - regulatory requirements; and only 7%
customer service.
Data Governance Drivers

1. Data privacy compliance


Enterprises must remain compliant as new regulation comes into play in
different regions. Laws such as GDPR and CCPA, have transformed how
businesses and consumers approach data issues, and many more are set to
follow. Managing their data accordingly is the only way businesses can
avoid heavy fines, a media crisis, and losing customers’ trust.
Companies need data governance tools that supports the entire data
lifecycle, including ingestion, processing, storage, use, communication, and
deletion. Since privacy laws are local, the chosen enterprise data
governance solution needs to embed privacy in a way that easily adapts to
fit specific regional requirements.
2. Analytics optimization

When the Big Data revolution started, and even before, many
businesses focused on collecting as much data as possible. They soon
learned that it’s not enough to collect data, you also need to analyze it
turning data into valuable information and actionable insights.
3. Digital business

An enterprise must always ensure that its data is always complete,


managed, updated, compliant and secure. This trusted data is then fed
into real-time analytics engines to enable companies to make informed
decisions – instantly, and at scale. This is operational intelligence at its
best. With real-time data governance, companies can leverage their
data to significantly boost digital business performance.
4. Consumer trust

• The link between data and trust has been established many times,
and it’s easy to see why companies with strong data governance
capabilities grow their business with transparency. Enterprise data
governance allows companies to embrace data capabilities, like
personalization, in a compliant way that builds trust. Together, trust
and transparency can go a long way in delivering value to businesses
and their customers. Today’s customers are used to sharing their data
with companies, as long as it provides them with value, like special
offers, discounts, recommendations, etc.
5. Operational efficiency
• Data can be used not only to increase sales, but also to improve every
aspect of the company’s operations. The right data privacy
management tools need to govern massive amounts of data to deliver
business value – e.g., reducing costs, reaching critical decisions in
real-time and with greater accuracy, improving profitability, or beating
the competition. Data-driven automation is paramount to operational
efficiency at the pace and scale of digital business.
Data governance initiatives

• Data governance initiatives improve quality of data by assigning a


team responsible for data's accuracy, completeness, consistency,
timeliness, validity, and uniqueness.
• This team usually consists of executive leadership,
project management, line-of-business managers, and data stewards.
The team usually employs some form of methodology for tracking
and improving enterprise data, such as Six Sigma, and tools for
data mapping, profiling, cleansing, and monitoring data.
Six Sigma (6σ) is a set of techniques and tools for process improvement.
Data governance initiatives contd…
Data governance initiatives may be aimed at achieving a number of
objectives including offering better visibility to internal and external
customers (such as supply chain management), compliance with
regulatory law, improving operations after rapid company growth or
corporate mergers, or to aid the efficiency of enterprise knowledge workers
by reducing confusion and error and increasing their scope of knowledge.

Many data governance initiatives are also inspired by past attempts to fix
information quality at the departmental level, leading to incongruent and
redundant data quality processes. Most large companies have many
applications and databases that can not easily share information.
Data governance initiatives contd…
Therefore, knowledge workers within large organizations often do not
have access to the data they need to best do their jobs. When they do
have access to the data, the data quality may be poor. By setting up a
data governance practice or corporate data authority (individual or area
responsible for determining how to proceed, in the best interest of the
business, when a data issue arises), these problems can be mitigated.

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