1.

What is meant by Data Governance?

Answer»

The overall data management including its availability, integrity, usability, security, etc. is termed as data governance. For effective data governance, there should be a council about data governance, well-defined procedures and an effective plan for the implementation of those procedures and practices.

When it is ensured that there is an integrity of the given data and also it is trustworthy, we get the expected BUSINESS benefits out of that data. As businesses depend more and more on data for making business decisions, data governance becomes very important and more critical.

A uniform and consistent data ACCESS across different business applications should be ensured.  A team of data governance is responsible for implementing these policies and defined procedures regarding the handling of data. This team may include data managers, business managers and other staff RELATED to the handling of data. Some Associations are dedicated to the promotion of best practices in data governance. These are:

  1. Data Governance Institute
  2. Data Management Association
  3. Data Governance Professionals Organization etc.

There can be many use CASES where we see the data governance can play a crucial ROLE. Some of these use cases can be as enlisted below:

  1. Mergers and Acquisitions,
  2. Business Process Management,
  3. Modernization of legacy systems
  4. Financial and Regulatory Compliance,
  5. Credit Risk Management
  6. Business Intelligence Applications etc.


Discussion

No Comment Found