The foundation of a future proof data strategy
There is really no question anymore, data is gaining ground in every single organization around the world. Increasing amounts of data are being created and needs storage. And regulations regarding data are implemented everywhere. And most importantly, data is being deployed more and more to answer business questions, to help make better decisions, and to help organizations gain a competitive advantage over their competitors. With this increasingly important role for data, it is not surprising that both data governance and data management are also gaining in importance and influence within many companies.
What is data governance?
Data governance defines the roles, policies, and procedures needed when dealing with data. It makes sure your organization complies with general and specific regulations and can benefit from its data to the fullest. Data management is then, to a considerable extent, the technical implementation of data governance. The benefits of having both implemented properly are endless:
- Confidence in your data ➔ Knowing your data represents the one and only truth.
- Compliance with regulations ➔ When you know where your data is stored, who has access to it, and what is done with it, it will be much easier to comply with a growing number of various regulations, like GDPR.
- Trustworthy business intelligence and analytics ➔ When your data represents the one truth, your analytics and business intelligence will be trustworthy.
- Make full use of data by improving the operations of your organization ➔ Having your data in order allows your organization to quickly onboard new products, reduce time to market, know your customers better and communicate with them efficiently.
Having a proper data strategy starts with data governance.
How to get started
The best way to get started with data governance is by finding out what is already in place. Because no matter whether you already have a (master) data management system in place or not, or how many policies and regulations you already have on paper within your company, every organization is already “doing” data governance. Making these initiatives, policies, etc. more explicit and more deliberate is therefore often a very useful first step. After that, next steps should be defined by your organization’s short-term and long-term objectives.
But in all cases, putting deliberate thought in your data roles, processes, and policies will improve the competitive advantage that your data will allow you to have over your competitors.
SQLI can help you with this and create a clear overview of the current situation, immediate improvements and with insights into your next steps.
Book a Data Governance Assessment
We will help you assess your “as-is” situation and how this can be improved to strengthen company objectives. The assessment will look at what processes and policies are already in place, which roles exist, and how this can be developed further to reap the full benefits of your data.
Request assessment ➔