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Separating Data Governance Fact from Fiction

Organizations are always looking for new strategic initiatives to transform business, drive growth and gain that competitive edge.

But how can you make decisions to further those goals without consistent, complete and accurate data?

Myth or fact?

Data governance alone can transform your business

78% of CDO’s view data as a strategic asset to achieve a competitive advantage.

Source: Cutter Associates annual data management benchmarking study

When you foster a culture that prioritizes data quality and values data as an asset, you gain that competitive edge.

Competitors vs our results

CDO’s identify 5 ways a data-driven culture, founded in quality-powered data governance, impacts your business.

#1 Enhanced data quality, reliability and access

Pre-cleanse vs Post-cleanse

The problem

94% believe that business value is lost as a result of poor data quality, and nearly three out of 10 say 50% or more of business value is lost due to data quality issues. By protecting data quality and providing data governance business context, organizations can shift the burden from IT to Business and get answers to questions they couldn’t before.

Source: CIO Insight


#2 Reduced costs and/or improved margins

The problem

Tribal knowledge and information silo’s lead to data misuse

Over 70% of responding companies have a reactive approach using data analytics

Business friendly data governance drives
Business friendly data governance drives

Source: Gartner CDO survey


#3 Optimized business process agility

The problem

98% of survey respondents expect  the volume of data within their organization to increase in the coming year, and nearly half say it will increase by at least 50%

Source: CIO Insight

Optimized business process agility
Source: CIO Insight

Data governance that integrates data quality ensures easy access to reliable data, regardless of data volume, to deliver ROI


#4 Improved compliance and risk management

The problem

Only 8% of organizations have policies that require enforcement with data governance

Source: Veritas Data Governance Survey

43% of organizations use desktop or internally developed tools to track regulatory compliance

Source: Compliance Trends Survey

 

By establishing data governance policies and ensuring data’s accuracy, completeness and timeliness, you mitigate risk and achieve compliance.

Improved compliance and risk management


#5 Enhanced analytical decision making


The problem

Only 12% of enterprise data is used for decision-making

80% of analyst’s time is spent preparing data

Source: Datawatch

Most firms don’t consistently turn data into action

73% of firms aspire to be data-driven

29% of firms are good at turning data into action

Data governance should drive better business insights, yet many governance initiatives are siloed in IT

99% of organizations have technical metadata and data lineage for IT


What’s Missing?

Business-friendly data governance for the business user, answering questions in a business context:

What does the data mean?
Where does the data come from?
Can I trust it?
Is it the same thing to everyone?
How do I find it?
Who do I ask?

Technical data governance sends business users in the wrong direction.

Why?

Data360 business-friendly platform changes the way you perform data governance

Automation
Stand up governance quickly by extracting technical metadata
Policies
Ensure policy enforcement of regulations and organizational policies.
3D data Lineage
Visually understand how your data connects across processes, lineage and impact analysis
Data quality metrics
Aggregate quality metrics to build trust and help users choose the right data
Data quality detection
End-to-end automated checks and machine learning monitor and improve data quality levels
Zero-code workflows
Easily create or edit workflows with Visio-like simplicity
Dashboards
Visualize metrics to continually advance your data governance program

The Data360 Difference

Day 1 Value

Transform your business with business friendly, quality-powered data governance