Information technology is at the center of business operations today and an explosive growth of data has only complicated the already complex challenge of managing information assets. Data governance involves the people, processes and technology associated with information assets and a formal methodology for making decisions around data. It provides a framework from which to understand the flow of information throughout the enterprise and a methodology for ensuring the accuracy and viability of data and the information systems on which it depends.
Data governance brings the greatest value when it takes into account the business processes that depend on the creation, distribution and consumption of data. Only by understanding these business drivers and involving executive stakeholders can you fully understand the interdependencies and inherent value in the data. A comprehensive data governance strategy that includes business drivers not only provides a more complete picture of information flow, it can also be used to demonstrate the value of data investments over time.
Taking a holistic approach to data governance will help ensure business alignment and the future success of data-dependent initiatives.
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Kelly Laughton 