What is Data Governance?
Data governance is the management of an organization’s data with respect to its quality, security, and availability. Sound data governance ensures the integrity and security of data through well-defined policies, standards and procedures for collection, ownership, storage and use of data.
What is the data governance framework?
A data governance framework sets out the organization’s rules, structures and processes for the collection, storage, usage, and protection of its data assets. Through goals, roles, responsibilities, policies, processes, standards, and governance measures, it specifies how data should be handled to maintain its quality, security, and compliance.
Each organization’s data framework will be tailored to its individual data sources and systems, as well as industry protocols and government regulations.
Why is data governance important?
Data governance enables companies to ensure compliance with data protection mandates, enable data democratization, and deliver trusted data to all stakeholders. It ensures that policies, processes, and guidelines are consistently applied across all data in the enterprise.
Through defined matrices of ownership and responsibilities, it provides organizations with a single source of truth with highest standards of data integrity, accuracy, completeness, and consistency.