Data governance is a term that is thrown around quite a bit. It is the process of quality control for data. Governance ensures that data that is entered and collected meets specific standards, integrity constraints, and the rules and regulations to which the organization is bound. This interesting information came to our attention by Formtek in their article, “Data Governance: Strategically Managing Risk and Complying with Regulations and Deadlines.”
It is estimated that the size of the global data governance market is $863 million, and that will increase to upwards of $2.2 billion by 2021. That growth is being driven by the desire for organizations to more strategically manage their risk and to comply with regulations and deadlines.
With recent highly publicized security failures, information security is a high priority. This means many organizations are spending heavily on security, yet they are still neglecting information architecture. They are not separate, and they need to be developed together.
Melody K. Smith
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