Syniti Blog Can Data Governance Actually Drive Business Value?

Data governance is often misconstrued as an unending list of rigid, restrictive rules and regulations. The larger the project's scope and the data set's size, the more daunting it becomes to decide on the next step. Table of Contents What is Data Governance? What Data Governances Means for Businesses Establishing an Ideal Data Governance Framework Approaches to Data Governance SKP and Data GovernanceExamples of Effective Data Governance Driving Business Growth with Data Governance What is Data Governance?At its core, data governance involves having ready answers to data questions. Defining ownership, identifying where materials and data is in the pipeline, making it accessible and traceable all fall under the data governance umbrella. However, its true role transcends mere compliance; it exists to build trust in your organizational data, allowing teams to harness information effectively. Effective data governance provides structure, not stricture, that promotes creative execution and effective business outcomes. It helps the right data reach the right stakeholders while maintaining optimum security.