“ESTABLISHED “DATA GOVERNANCE” PROCESSES AND STANDARDS ALLOW AND ENSURE THE OPTIMUM USE OF DATA TO GET THE BEST EFFECT FOR LESS MONEY”

Data Governance in practice means the overall management of content, availability, data administration and quality in accordance with the chosen strategy and direction of the company.

Opportunities for change

• Due to the growing volume of data, it is not always easy or possible to identify who uses the data in the company, when and which, who shares it and for what purpose
• Data for individual business processes is not always complete and/or, correct, it may be duplicated or there are multiple sources or versions. This situation usually disproportionately prolongs the duration of business processes, reduces their quality and efficiency
  
  

Benefits

The purpose of Data Governance is to identify unambiguous key data for business needs and to set up management mechanisms for managing this data, using:

• Defining data ownership
• Defining responsibilities for their completeness, quality by designating the owner of business processes
• Identifying and managing of data consumers
• Setting up evaluation and quality improvement processes