Benefits Data Governance
Data runs through every part of your business. This deluge of information needs to be stored, managed, and accessible in a way that is meaningful, for data to become a viable asset to your business – not just for IT departments, but for everyone across the enterprise. This is where effective Data Governance comes in.
Data Governance helps to ensure data is usable, accessible, and protected. Through it, corporate objectives can be achieved as the value of your data grows.
Corporate initiatives – from modernisation and improving customer experience to reducing risk and increasing profits – all rely on trusted data. Data Governance enables the management and control of information in a practical and sustainable way to deliver value.
Gradis specializes in the advisory, design, and implementation of pragmatic data governance solutions that put your business’s objectives first, no matter your data needs.Â
Is it time to kick-start a Data Governance program?
But do you know what Data Governance is? Many confuse it for other closely related concepts like data management or data stewardship. Below, we explain what Data Governance is and how it can improve an organization’s Data Standards and practices. Learn more about the benefits of Master Data Management.
What is Data Governance?
Data Governance is a solution that ensures every piece of data is secure, accurate, available, and usable, wherever it is stored and however it is used.
It is the first step on a journey toward becoming a Data Driven organisation. It lays out the rules which determine how data should be stored, delegates the right responsibilities to the right people, identifies your organisation’s data stewards, and sets the right course for data – it is the captain of the ship.
Data should not be seen as something abstract from core business goals. With the right Data Strategy and good governance, data can be transformed into a single source of truthful, powerful insights – initiating meaningful action, identifying new business opportunities, and driving decision-making across every department.
Don’t mistake Data Governance for a one off project – it is an ongoing ‘business as usual’ operational activity to ensure data is being managed to the standard that you need to make good decisions and drive data led initiatives successfully across your business.
Why does data governance matter?
Data Governance allows for the production and maintenance of clean data. Better quality data, which is easily accessible to those who need it, turns into better analytics. Which in turn leads to informed business decisions and greater results – leading to better profits and market positioning.
At Gradis, we use a Data Governance framework to do this in a sustainable, repeatable way. A framework can benefit internal processes – by introducing standardisation across systems and new policies on how to use, store, and manage data.
Standardisation and consistency are at the heart of a good framework, bringing economies of scale and supporting interoperability and integration across the whole ecosystem.
Good governance means you know where data is stored, who can access it, and for what purpose, allowing you to protect and secure personal or identifying data easily. You can reduce the effort involved in Subject Access Requests (SAR) as data is properly understood, classified, and categorised.
Data democratisation is only possible through the implementation of good governance – democratisation means putting good quality, appropriately secured, and timely data into the hands of those that need it.
Gradis believes ensuring your data initiatives are aligned with your business objectives allows us to embed the right solution for you – with processes, tools, and technologies that meet your needs, now and in the future.
