Importance of Data Governance

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Importance of Data Governance
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Table of Contents

• Data Governance
• Data

• Benefits of Data Governance
• Data Governance Tools

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Data Governance

• Data Governance refers to all the policies,
  processes, standards, metrics and roles that
  collectively ensure informations efficient and
  effective use for the purpose of enabling a
  business attainment of its goals. Data
  governance establishes those processes and
  allocates the responsibilities that are key to
  maintaining the quality as well as the security
  of the data that is used in a business. It is
  data governance that defines the interaction of
  circumstances, methods and actions with regard to
  data.
• The roles, in the context of data, are clearly
  specified through data governance. Moreover, it
  ensures that there is mutual agreement across a
  business over responsibility (strategic, tactical
  and operational) and accountability.

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Data

• Since data governance has to do with data, let us
  briefly touch upon data as a concept. Data refer
  to a collection of statistics/facts that can be
  collected, reported, measured and analysed. Data
  are used in various organizational activities.
• To digress, the content of websites (data) are
  stored on the servers of web hosting service
  providers. This stored data are delivered (upon
  request) from the servers to the users over the
  Internet. This is the process through which
  websites become accessible over the Internet. The
  most popular web hosting service providers are
  usually referred to as the Best Web Hosting
  Company or as the Best Windows Hosting Company
  or as the Top Cloud Hosting Company etc.

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Benefits of Data Governance

• Organizations can benefit in several ways through
  the implementation of an effective data
  governance strategy. Its major benefits are as
  follows-
• Enhanced data quality- By providing a proper
  framework, data governance makes sure that data
  is accurate and consistent.
• Overall improvement in business activities- An
  improvement in business planning along with an
  improvement in financial performance and profit
  maximization for a business, result from using
  such data to make decisions that are regulated by
  data governance.
• Provides common terminology for data- A
  consistent terminology for data is provided by
  data governance while ensuring retention of
  flexibility that is exercised by individual
  business units.
• Provides data map- Through data governance the
  location of all data with regard to key entities
  can be understood. This is essential for data
  integration.
• Compliance consistency- The necessary platform
  that is required to meet government regulations
  as well as the requirements of the industry is
  provided by data governance.
• Enhanced management of data- Data managements
  codes of conduct along with its best practices
  are established by data governance.

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1-800-123 -8156

• Whoa! Thats a big number, arent you
  proud?

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Data Governance Tools

• The tools for data governance should be scalable
  and should have the capability to be integrated
  affordably and quickly into a business existing
  environment. An idea data governance tool should
  ensure the following
• Data management- Data should be managed by it
  with the aid of metadata-driven ETL and ELT along
  with data integration applications. This helps to
  track and trace data pipelines.
• Control of data- Data should be controlled
  actively with reviewing and monitoring tools.
• Improvement in data quality- Quality of data
  should be improved through validation, cleansing
  of data etc.
• Documentation of data- Data should be documented
  for augmentation by metadata to enhance
  relevance, accessibility, searchability etc.
• Provide profiling and benchmarking capabilities-
  Data should be understood through benchmarking
  and profiling capabilities.
• Provide empowerment to those that understand the
  data- This helps in tasks that have to do with
  data stewardship, through self-service tools.

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