Title: 5 Factors To Consider While Creating A Data Governance Strategy
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5 Factors To Consider While Creating A Data
Governance Strategy
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Why Do Organizations Need Data Governance?
It is common to see organizations focusing on
building a strong data management program. The
information being generated by an enterprise has
become its most-prized asset. Businesses know
that data holds the key to their improvement.
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Nature Of Business
- Create a plan according to the nature of your
business. - Understand the context in which you need to use
data. - Identify the issues that stop you from optimally
utilizing your data.
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Key Business Goals
- Know the business goals that governance will help
fulfill. - Make sure the program provides specific business
benefits. - Identify key business metrics to track the
success of the program.
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Current State Assessment
- Evaluate your present capabilities by conducting
an in-depth assessment. - Identify the sections that can be potential
starting points for the initiative. - Recognize current processes and tools that can be
used in the program.
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Appropriate Operating Model
- Do not blindly use any other organizations
operating model. - Choose a model that suits your business structure
and organization. - Identify the controls and protocols that will be
required in the model.
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Vital Legal Regulations
- Know the privacy laws that will affect your data
initiative. - Make sure the necessary compliance practices are
included in your operational model. - Hire legal and technical experts to identify the
necessary features for your program.
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Contact Us
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