Why data governance framework?
With the rise in cloud adoption and digital transformations, companies need to grant teams across the organization access to that central repository. However, to effectively navigate through huge volumes of data and extract value for quick decision-making, an organization needs a data governance framework to hold the data accountable. It can help increase the transparency around data and standardize the way it’s managed, so that all departments are on the same page on how data should be used. As Gartner puts it, an accountability framework ensures appropriate behavior in the valuation, creation, consumption, and control of data and analytics.
Data governance goals
A one-size-fits-all solution is not the answer. To build an effective data governance strategy, you need a governance framework customized for your business. A customized data governance framework should aim for the following:
So, what can companies do to achieve these goals?
Six building blocks of data governance