Why Data Governance is a Must for any Organization

Overview

As data proliferates, organizations are seeing the need to develop a practice of data governance. Effective data governance leads to better data analytics, which in turn leads to better decision-making and improved operations support. It also helps to avoid data inconsistencies or errors in data, which lead to integrity issues, poor decision making, and a variety of organizational problems. At its core, data governance leads to improved data quality, decreased data management costs, and increased access to data for all stakeholders. The result is better decision-making and business outcomes. This article provides reasons for and details the impact of building effective data governance in any organization.