The needs of financial services and health care providers are seeing an increased necessity to manage data as an enterprise asset, as regulations and policy around data evolve. DATAVERSITY brought this interesting topic to our attention in their article, “Standardizing Data Management and Data Governance Services (A First Look).”
Managing data as an enterprise asset enables them to embrace other drivers of growth, regulatory compliance and operational excellence. With the advent of the Internet of Things (IOT), machine learning, semantics, and big data, organizations have started to realize the benefits of trustworthy data in achieving powerful insights for decision making.
The business environment is undergoing transformational changes with regard to business models. This is enabling the objective channeling growth in markets. Data governance has come to be a new normal in most enterprises. Organizations have come a long way from having technology ownership of data to business ownership.
Melody K. Smith
Sponsored by Access Innovations, the world leader in thesaurus, ontology, and taxonomy creation and metadata application.