In many companies today, data governance has become increasingly important but what exactly is it? What does data governance mean?
There are several definitions of data governance available from various sources. These include the following quotations:
“Data Governance (DG) is defined as the exercise of authority and control (planning, monitoring, and enforcement) over the management of data assets.”
Source: DAMA Data Management Body of Knowledge V2 (DMBOK2)
“Data governance encompasses the people, processes, and technology required to create a consistent and proper handling of an organization’s data across the business enterprise.”
Source: Wikipedia
“Data governance is the orchestration of people, processes, policies and technology to formally define, discover, assess, clean, integrate, and protect structured and unstructured data assets through their lifecycle to guarantee commonly understood, trusted and secure data throughout the enterprise”
Source: Mike Ferguson, Intelligent Business Strategies.
Looking at these, data governance is about ensuring that the data being used in your core business operations, reports and analyses is discoverable, accurately defined, and is totally trusted and can be protected. Additionally, data governance has become increasingly important to a business because according to a prediction from IDC, digital data is expected to grow to approximately 175 zettabytes by 2025.
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