Why Enterprise Data Governance is Crucial Now?
Can you imagine the world’s data volume is increasing by 40% every year till 2026 as per a recent study conducted by Aureus Analytics report. Yes data is getting bigger, better and smarter. Data governance is a set of processes, rules, policies, and metrics that ensure the protected and successful use of data, As updated data privacy laws are enforced, it will become crucial for the businesses create, implement, and execute ethically reliable data governance structure.
Who is Responsible for Data Governance?
Chief data officer are responsible for the data governance program. CDO works on approval and funding for the policies, recruiting team members, as well as leading the program. Data manager—a program manager leads and maintain data quality and control. Data architects or custodians are authorized to escalate technical onboarding, updates, and maintenance of data assets.
Enterprise data governance impacts all of the major departments:
Sales — For sales department, it will show exact analytics for the competitive market and buyer behavior.
Marketing — For marketers, it will enable market research with improved sales.
Finance — For finance team, it will ensure accurate and effective reporting.
Procurement — For procurement, it will ensure cost optimization based on accurate, real-time data.
Operations — For operations department, it will help in AI and automation.
Implementing a data governance system makes it feasible for your enterprise to be 100% compliant with the new laws. Delta Data Services offer data governance strategies that allow businesses to centralize data, break down silos, and transfer the data authority to the right position holder — without compromising security or quality.
Enterprise data governance impacts all of the major departments:
Sales — For sales department, it will show exact analytics for the competitive market and buyer behavior.
Marketing — For marketers, it will enable market research with improved sales.
Finance — For finance team, it will ensure accurate and effective reporting.
Procurement — For procurement, it will ensure cost optimization based on accurate, real-time data.
Operations — For operations department, it will help in AI and automation.
Implementing a data governance system makes it feasible for your enterprise to be 100% compliant with the new laws. Delta Data Services offer data governance strategies that allow businesses to centralize data, break down silos, and transfer the data authority to the right position holder — without compromising security or quality.
