What is Data Governance?
Data governance is an extensive framework and set of rules developed to guarantee data within an organization is protected, managed, and utilized effectively and efficiently. It includes strategies, policies, processes, and methodologies that govern the availability, usability, integrity, and security of an organization's data assets. The concept places weight on data quality. This entails guaranteeing consistency, accuracy, completeness, and reliability throughout the data's lifecycle. Procedures for data profiling, cleansing, and validation are commonly employed.
Successful data governance encourages trust in data, promotes informed decision-making, lessens risks associated with poor data management, and enhances operational efficiency. It needs collaboration across multiple departments, including IT, data management, compliance, legal, and business units, to guarantee that data is effectively managed, secure, and aligned with the organization's objectives.