Data turns to be a valuable asset in the organization, and big companies take advantage of the data to gain insights. They make better decisions based on the data they get from the organizations. Further, with the creation of more data, privacy concerns are also growing. Companies have to comply with the regulations provided in the organizations.
Data breaches are occurring with greater frequencies damaging the reputation of the organizations. Data governance consultant looks after the data for its protection and making good data policies. Visit EW solutions for all kinds of data governance decisions and protect companies from producing unethical data.
What is data governance?
Data governance is the rules determining the overall strategy for using data appropriately. Likewise, the data governance policy consists of the following:
- Who can use the data
- Determine the data process and how long the data can be retained in the company
- Make sure that the data is secured safely.
- It understands the risks associated with the business. This works by storing sensitive data in the organization.
Having effective data governance is essential for maintaining regulatory compliance. It also minimizes the risks while improving data security. Likewise, data governance policy is used for creating standards of data quality.
Key components of data governance
All organizations must set standards for data quality. Also, this helps in aiding data consistency and minimizing duplicate records.
All the employees rely on data in some way or the other. A data steward is considered to be the person to enforce data governance policies. Besides, it works within the business units or even the divisions.
Policies are the issues that help in leveraging the data in organizations. It shows for how long the data is retained and the types of data that can be stored.
What is Data Management?
Data management is executing data governance policies. It is the implementation of the procedures by including tasks like:
- Creating the rules as to who can access the data
- Establishing data security rules
- Create a system of master data management with a single data view across the enterprise, etc.
Key components of data management
IT people are responsible for data management for supporting data quality. It deletes or add data as needed or even generates metrics on data usage.
The IT team is also efficient to use various data for data management. It prepares the data or business processes through automatic applications.
How data management and data governance work together?
Both the concepts work together to form the policies and goals of companies. It also protects the data with governance focusing on processes and management on the policy. Data Governance also talks of data access, and only employees of companies can access it. A person Identifiable Information (PII) can access the data for performing their jobs.
Both data governance and data management work together for protecting the information of organizations. Having proper integration between the two leads to best data practices. Both work together for the safekeeping of data.