Data governance is the process of managing the usability, integrity and security of the data in enterprise systems, based on internal data standards and policies that also control data usage. This interesting and important topic came to us from CMS Wire in their article, “Why Data Governance Is a Shared Responsibility.”
The benefits of a solid data governance plan are many. Improved cost and time efficiency, risk mitigation, greater consistency and quality of data are just a few.
While data governance is a core component of an overall data management strategy, organizations should focus on the desired business outcomes of a governance program instead of the data itself. Narrow oversight of data governance within an organization doesn’t increase its value. In fact, in many cases it leads to inefficiencies and lost opportunities for internal and external audiences.
Without effective data governance, data inconsistencies in different systems across an organization might not get resolved.
Melody K. Smith
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