Data Governance & Its importance for Enterprises

Data governance, we need data governance in an enterprise? Is data governance required for smaller organizations?

Data governance refers to the overall management of the availability, usability, integrity, and security of the data employed in an enterprise. A sound data governance program includes a governing body or council, a defined set of procedures, and a plan to execute those procedures. Data Governance is a four-way framework comprising availability, applicability, integrity, and security. It is a set of processes, used by the stakeholders who use technology, to ensure that the important and critical data is managed and protected. It involves a streamlined coordination of individuals (people), methods (processes), and innovation (technology) in such an order that it results in realizing the value of data for any organization

Data Governance is required to ensure that an organization’s information assets are formally, properly, proactively and efficiently managed throughout the enterprise to secure its trust & accountability. Data Governance comprises the collecting of data, revising and standardizing it, and making it go

od for use. It makes the data consistent. Data Governance ensures that critical data is available at the right time to the right person, in a standardized and reliable form. This infers into better organization of business operations. Adopting and implementing Data Governance can result in improved productivity and efficiency of an organization.

Yes, Data Governance is required for a small business organization. It helps to get competitive advantage over another. Apart from that, it helps to reduce cost, easy to implement, required no IT staff or so on. So, Yes, it is necessary for the small business organization too.

REFERENCE: http://www.happiestminds.com/Insights/data-governance/

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