BLOG

4 Best Practices to Boost Your Data Governance Programs

Mar 24, 2018

In the wake of the recent chaos surrounding the ‘Facebook data breach,’ several top companies are on their toes to ensure maximum data security in their organizations. With only two months left until the General Data Protection Regulation (GDPR) goes into effect, we can expect to see more headlines about improper data governance (DG) – leading to significant fines and tarnished brand images. In a nutshell, this means that there will be an increasing demand for efficient and reliable data governance systems. Data governance boils down to the overall management of the availability, usability, integrity, and security of data used in an enterprise. However, implementing a good data governance framework isn’t as easy as it sounds. Careful planning, the right people, and appropriate tools and technologies form the essence of developing a successful data governance strategy. Building and rolling out an effective, holistic data, and analytics strategy is also an integral part of a strong data governance program.

Get in touch with an analytics expert to learn more about the role of data governance in driving business growth.

data governance

Here are some data governance best practices you should start with while kickstarting a data governance program:

Focus on the Operating Model

The operating model forms the basis for any data governance program. It comprises of activities such as defining enterprise roles and responsibilities across the different lines of business. The idea is to establish an enterprise-wide governance structure. The structure could be centralized (if a central authority manages everything), decentralized (if operated by a decentralized or group of bodies), or federated (if controlled by independent or multiple groups with little or no shared ownership), depending on the type of your organization.

Request a free brochure of our data analytics solutions to find out how we help our clients to integrate and analyze data from disparate sources.

Determine Data Domains

Once the data governance structure is established, the next step is to determine the data domains for each line of business. The most popular examples include customer, vendor, and product data domains. The kinds of domains differ depending on the industry. Typically, the identification of a data domain begins with a business need or a problem.

Spot Critical Data Elements within the Data Domains

Data domains touch 10s, 100s, and 1000s of systems and applications containing key reports, essential data elements, business processes, and much more. Out of these, companies must identify what’s critical to the business. For example, a company’s data governance initiative might be to attain commonality across the enterprise by creating a centralized platform to regulate and control changes.  Whereas, another company’s objective might be to validate customer reports and related source systems. Each business needs to identify what is crucial for them.

To know more about the data governance best practices for your business, request more information.

Define Control Measures

It is highly important for businesses to set and maintain control to sustain the data governance program. It should be taken into account that data governance is not a one-time project. It is an ongoing program to fuel data-driven decision making and creating opportunities for business. Data governance control measures include factors such as defining automated workflow processes, capturing feedback through automated workflow processes, and applying workflow processes to the governance structure.

Ready to Harness Game-Changing Insights?

Request a free solution pilot to know how we can help you derive intelligent, actionable insights from complex, unstructured data with minimum effort to drive competitive readiness, market excellence, and success.

Recent Blogs

Emerging Applications of Artificial Intelligence in Medicine

Emerging Applications of Artificial Intelligence in Medicine

The main aim of artificial intelligence in medicine is to mimic human cognitive actions which is directly or indirectly bringing pioneer changes in the field of healthcare. Artificial intelligence in healthcare simplifies the processes of healthcare organizations as...

read more
HR Technology Trends Redefining the Modern-Day Workforce

HR Technology Trends Redefining the Modern-Day Workforce

In 2020, we witnessed rapid changes in workplace structures and business processes amid the pandemic outbreak. Advanced HR analytics solutions proved their potential amid the uncertainties by playing a crucial role in helping businesses understand and engage with a...

read more

Industries

Our advanced analytics expertise spans across industries, sectors, and functions, which enables us to deliver robust, agile solutions to all our clients. These are our core competencies, formed through years of experience.

Insights

Our free resources shed light on our extensive expertise and equip you with information to accelerate decision-making, growth, and innovation.