For many people in business, the mention of a data governance program evokes excessive red tape, bureaucratic drag, and, most of all, outsiders meddling in daily operations. “What is the preconceived notion about data governance? We are the police, we tell you no, we tell you to stop, we slow you down,” said Sherry Hidalgo, director of […]
The Silver Bullet Myth: Debunking One-Size-Fits-All Solutions in Data Governance
Data Governance plays a crucial role in modern business, yet the approach to it is often mired in unhelpful misconceptions. While 61% of leaders indicate a desire to optimize Data Governance processes, only 42% think that they are on track to meet their goals. This disparity highlights a significant challenge: The need for effective strategies has been […]
The Emergence of Corporate Data Governance
Within corporations, the theme of governance has been one of the most important themes for decades. Scholars have discussed and debated how corporations can be governed in order to protect shareholder value and resolve agency issues. Companies have implemented a variety of corporate governance mechanisms to ensure effective decision-making and risk management. These include board […]
Data Governance: How Can It Be a Crucial Enabler for Managing Data Risks?
In July 2021, one of the world’s leading banks revealed a loss of $5.5 billion due to a default by one of its customers. The bank identified the “failure of management and controls” in its investment banking arm as the fundamental cause of this loss. This incident reinforces the importance of a robust governance framework […]
What Is a Data Governance Framework?
A Data Governance framework refers to the collection of rules, processes, roles, and tools organizations can use to achieve successful Data Governance. Implemented correctly, Data Governance directly correlates to an organization’s ability to manage its data while maintaining compliance standards and accessibility within the enterprise. With the vast amount of data generated each day, businesses must ensure […]
Data Governance Framework: 5 Key Elements
Like many roles and operations that have emerged in the digital age, Data Governance is often misunderstood. Some might confuse it with Data Management. Others might see it as an extension of IT. How can you communicate the role of Data Governance and ensure you implement it successfully? At DATAVERSITY’s Enterprise Data Governance Online event, data […]
Finding the Right Data Governance Model
Data Governance has received much attention in both the academic and practitioner communities over the past 15 years. Compared to the even more recent concept of Data Governance, IT governance has evolved from the initial concept of corporate governance. In the past year, the interest has increased with the evolution of the modern data stack and cloud adoption, […]
Top 5 Considerations for a Purpose-Built Enterprise Information Management System
Data is the lifeblood of every company – even more so in the life science field, where this information is used to develop, approve, and launch new solutions to improve patient outcomes. However, correlating or connecting intelligent data points across the enterprise can be challenging. Doing so requires a robust enterprise information management (EIM) strategy […]
Why Data Governance Is Essential in the Current Business Landscape
Imagine you and a bunch of your colleagues are attending a networking event. You’ve been assigned three booths spread out in different locations across the arena. You and one of your colleagues take booth 1, and your other colleagues split themselves between booths 2 and 3. The event is flooded with professionals from your field, […]
Integrating a Data Governance Program in Your Organization
Integrating a Data Governance program into an organization not only means adding some software, but more dramatically, it means changing the workplace culture. Data Governance broadly describes the policies and procedures used to collect, organize, and manage data. It supports improved data analytics, which, in turn, promotes better operations management and better decision-making. Data Governance […]