Efficient data governance can go a long way in ensuring an organization's data quality and regulatory compliance. At the same time, it contributes to better overall data management for business intelligence and data analytics.
As a key decision-maker in your tech firm, you constantly wonder about things that could go wrong with your data. Should you invest in specialized data analytics services? If not, will company data fall into the wrong hands? Will confusion cause discrepancies in business reports? Will key stakeholders be given inaccurate data? Worry not! These data governance best practices are here to safeguard your data and also ensure efficient data usage.
Data ownership is crucial. Why? It helps delegate data ownership and assign accountability. Plus, it helps eliminate ownership-related confusion.
In data governance, there are three internal stakeholders:
When you assign clear and specific roles, you avoid confusion and focus on producing quality datadriven inputs.
Data standards ensure data consistency, accuracy, and reliability. Additionally, they gatekeep data quality, metadata, data architecture, and data security.
To address data standard development challenges, use tools such as XML Schema, Unified Modeling Language (UML), and spreadsheets. For data profile and metadata management, IBM InfoSphere Information Analyzer and Trifacta are great resources.
Data governance tools help automate processes and provide real-time monitoring and alerts for data quality and security breaches. Tools such as Collibra and Informatica Axon can help organizations minimize the risk to data.
Data access controls help in controlling and/or limiting the people that have access to specific data. Access control management tools empower organizations to manage access to data, ensuring that it is only available to authorized personnel.
Following data governance best practices certainly helps. But how can we be sure that it's helping? Here is where regular audits help us.
Audits help identify areas where improvements can be made and ensure consistent data management. Audit and compliance management tools can have a significant impact on data governance. They give your organization the ability to manage audits and compliance requirements effectively.
Nalashaa's data analytics services can help your organization with data solutions to your exact specification. Our team of experts connects with you to understand your pain points and comes up with the answers to your problems. Be it with tools such as Business Intelligence and Data Analytics or even Cognitive Intelligence - we've got you covered!
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