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Kathleen Martin

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Data governance programs are getting more and more attention in the corporate world, especially in industries that rely heavily on big data. Many businesses rely on accurate and well-managed assets that include information technology, business, and confidential or personal data.
The number of data sets that employees, partners, vendors, and customers need to regularly access and use continues to grow exponentially. As more data enters the picture, companies are recognizing that having a plan to help them manage this data becomes necessary. As a result, data governance programs are being created and optimized for future business needs.
What is a data governance program?
A data governance program includes best practices, policies, and procedures that protect the confidentiality and integrity of a company’s data. This type of program establishes standards and procedures for capturing, storing, managing, analyzing and sharing business data throughout its lifecycle from creation through deletion. By defining these rules and guidelines through a data governance program, businesses reduce the risk of violating privacy laws while simultaneously increasing customer satisfaction.
Why are data governance programs necessary?
Data governance programs are necessary to ensure that all organizational data is controlled and optimized for security, accessibility, and proper usage. This type of program provides a framework that directs the roles and responsibilities of employees that regularly work with data.
Data governance programs address a business’s need to control and manage data, which serves a number of purposes beyond employee best practices: protection of a company’s intellectual property, compliance with legal requirements and the establishment of common security standards. Without data governance programs in place, data inconsistencies can lead to lost time and money as resources are spent trying to reconcile inaccurate data.
Data governance eliminates enterprise data silos by focusing on how data flows through an organization. Implementing policies across different departments can help improve the effectiveness of team collaboration while also increasing employee transparency and trust.
To set up a successful data governance program, companies need to identify their specific needs so they can create processes according to those needs. The foundation of any good data governance program starts with mapping out what information is being collected, where it is stored and how it’s shared.
Continue reading: https://www.techrepublic.com/article/data-governance-program/
 

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