When managers and workers discuss Data Governance (DG), a business program that supports harmonized data activities, vs. Data Management (DM), a comprehensive collection of practices, concepts, and processes dedicated to leveraging data assets, they often use the terms interchangeably. Sometimes, both words point to the same concepts, and these conversations remain productive. At other times, switching between […]
Developing a Data Strategy Template
Organizations want a solid and usable Data Strategy template – a well-thought-out plan for a set of decisions that form a pattern, charting a high-level course of action – but face challenges. For example, only 30% of companies have impactful data strategies that align with some operations, resulting in wasted investments in improving analytics and business insights. Instead, most […]
What Is Data Governance? Definition, Types, Uses
Data Governance (DG) is a business program and bedrock that supports harmonized data activities across the organization. It accomplishes this goal as a formalized framework implemented to the specifications of a corporate Data Strategy. Applying governance, as a whole, requires connecting different components – such as roles, processes, communications, metrics, and tools – to increase the likelihood that the […]
Data Governance Roles and Responsibilities
Data Governance, a formalized practice that executes and enforces company-wide data policies, has gained significant traction in the last few years. As of 2022, 81.89% of the participants in a DATAVERSITY® Trends in Data Management(TDM) survey have either implemented a Data Governance program or plan to initiate one. Yet, 54.63% of those surveyed listed a lack of Data Governance as […]
Data Governance Best Practices
With digital transformation initiatives on the rise, organizations are investing more in Data Governance, a formalized practice that connects different components and increases data’s value. Some may already have established Data Governance programs for older Data Management systems (such as for controlling master data) but may lack control in newer technologies like training an AI to generate […]
Trends in Data Governance in 2023: Maturation Toward a Service Model
Companies increasingly want to mature their Data Governance, the formal Data Management capabilities around its value as a service, in 2023. That way, organizations can respond to an uncertain business environment quickly and flexibly. While Kelle O’Neal, founder and CEO of the data consulting firm First San Francisco Partners, first identified this need for Data Governance as a […]
Why Mature Data Governance Is Essential for Data-Driven Diversity, Equity, and Inclusion (DEI)
This is part one of a two-part article. In this section, we discuss how Data Governance can be leveraged to support data-driven diversity, equity, and inclusion (DEI). In the next section, we will look at how to manage DEI data risk. Diversity is recognized as key to increasing performance within organizations. Chief diversity officers face […]
A 12-Step Program for Improving Data Literacy
In our digitally obsessed economy, it’s become all too prevalent for knowledge workers to assume that data problems are best solved with newer and better tech. In fact, the most powerful solutions for maximizing business value are right under the noses of management – in the form of improving data literacy skills. In the service of […]
What Are Data Governance Tools?
Data Governance is the practice of creating processes, frameworks, and roles to manage an organization’s data. With today’s data-driven organizations focusing more on generating enormous amounts of data and analyzing them to pivot their business, it has become crucial to manage data the right way. Data Governance tools are the software applications that help you get […]
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, […]