9 Tips For Data Governance Success - InformationWeek

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10/10/2016
07:06 AM
Jessica Davis
Jessica Davis
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9 Tips For Data Governance Success

Data governance is essential for organizations that rely on consistent, quality data. But embarking on a new data governance project can be a daunting task. Here's a look at some of the key elements recommended by experts in the field.
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Appoint A CDO And Data Governance Council
In addition to the executive sponsor, you need a chief data officer to manage this project and a data governance council to supervise and direct the program. This council should be made up of senior people inside the organization who are empowered by the data governance program. Sicular recommends that the chief data officer should be a tireless individual to tackle this huge task. Much of the early part of the project is legwork -- going to each stakeholder to collect information about his or her data problems. Then this person must evaluate those data problems, and then build a business case for data governance that resolves those data problems. 

(Image: shironosov/iStockphoto)

Appoint A CDO And Data Governance Council

In addition to the executive sponsor, you need a chief data officer to manage this project and a data governance council to supervise and direct the program. This council should be made up of senior people inside the organization who are empowered by the data governance program. Sicular recommends that the chief data officer should be a tireless individual to tackle this huge task. Much of the early part of the project is legwork -- going to each stakeholder to collect information about his or her data problems. Then this person must evaluate those data problems, and then build a business case for data governance that resolves those data problems.

(Image: shironosov/iStockphoto)

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WardahFarooqi
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WardahFarooqi,
User Rank: Apprentice
10/17/2016 | 6:54:05 AM
Data governance and it's benefits
A very well elaborated piece of writing explaining it very well that how data governance is beneficial. I have also read about the financial crisis of 2008 in US and they thus declared it mandatory to have a proper regulatory framework through which the errors could easily be identified. An article https://www.rokittastra.com/smart-survive-banking-regulations/ provided the information regarding the data governance and regulations that under different bills it is being made sure about the free and fair financial system of different organizations including banks. I want to know about what do you think is the best form of regualtory system to ensure that an organization is well aware of each and every financial transactions or how they can have a better risk management which would not become a cause of such a worst crisis like that of in 2008?
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