by Angela Guess
John Ladley recently wrote in Search Data Management, “There are many steps involved in buying data governance software. Obviously, getting approval and funding for a purchase and then evaluating products are major ones, but justifying the need for the software is the first step. Part of that process includes understanding what you need the technology to do, as there’s a wide range of functionality within the realm of data governance tools. It’s also imperative that you ensure that your organization is ready for a governance tool. If it isn’t, the software you purchase likely will become shelfware. Let’s first take a look at a few different scenarios where these tools are often used. If your company can identify with any of the following use case examples, you’re on a trajectory to acquiring data governance software.”
Ladley goes on, “Your organization is in a highly regulated industry. The majority of data governance programs in recent years have been initiated because of increased regulatory oversight, which creates the need to establish formal, auditable oversight of data internally. An organization in this position should be looking to better manage regulated data and trace its use and accuracy in order to avoid compliance issues and reduce the costs of compliance efforts. Therefore, governance policies need to be defined and programs established. Regulatory drivers also imply a need to implement workflow processes and controls.”
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