The Role of Technology in Making Data-Driven Strategic Decisions
As organizations scramble to tap into the immense value of all the data available to them, they also struggle with a growing set of challenges in order to make data-driven decisions using data governance. In today’s digital economy, data-driven decisions are rapidly becoming the norm. According to a 2023 survey by Drexel University’s LeBow College of […]
Following the Roadmap to Better Data Governance
Data governance is no trivial undertaking. When executed correctly, data governance transitions businesses from guesswork to data-informed strategies. For those who follow the right roadmap on their data governance journey, the payoff can be enormous. When it’s done correctly, data governance can mean the difference between effective data-driven decision-making versus flying blind. The Emerging Business […]
Building a Business Friendly Approach to Data Governance
It is fast becoming an imperative for organisations to fuel business intelligence reporting with data that is accurate, consistent and contextual – data with integrity. Data governance is increasingly a key factor in how organisations achieve data integrity, whether it’s to help accelerate confident decision-making and reduce costs or manage risk and comply with complex […]
How to Build a Successful Metadata Management Strategy
Metadata provides crucial information that powers accurate analytics for rich business insights. And an effective metadata management strategy relies on a comprehensive data governance framework. Let’s explore the relationship between the two, and how you can build each strategy for success. First, how is your metadata management strategy interlinked with your data governance framework? When […]
3 Ways Data Governance Can Drive the Bottom Line
Many data governance programs fall short of expectations and even get derailed because they start off with unclear objectives. We see this happen in many companies. A mitigating precipitating event leads top management to declare the need for a data governance program. A team is assembled and gets to work. Eventually, they solicit input from […]
4 Priorities in Building Insurance Data Governance initiatives
Traditional insurance data governance initiatives frequently fall short of expectations because they focus too heavily on policies, compliance, and enforcement. That can lead to a disconnect between business users, the data governance team, and executive management. A truly successful data governance process is built on four key priorities that put business value in perspective, creating […]