Unlocking the Power of Data Governance: Best Practices for Managing Your Data Assets
◼︎ Data Governance Definition Data governance is a set of processes, policies, standards, and guidelines that define how an organization manages its data assets. The purpose of data governance is to ensure that data is accurate, reliable, secure, and compliant with relevant laws and regulations. Effective data governance requires the involvement of stakeholders from across the organization, including IT, legal, compliance, business operations, and data owners. Key activities of data governance include: Data quality management : Ensuring that data is accurate, complete, consistent, and timely. Data privacy and security : Protecting sensitive data from unauthorized access, use, or disclosure. Data lifecycle management : Managing data from creation to disposal, including retention policies and data archiving. Data standards and policies : Developing and enforcing standards for data classification, metadata, and data usage. Data ownership and accountability : Defining roles and respons...