Organizations increasingly rely on accurate and consistent information in today’s data-driven world to make informed decisions. However, many businesses struggle with data silos, where critical information is trapped within individual systems, leading to inconsistencies, inaccuracies, and a lack of a unified view of the business. This is where data governance comes in.
The rules, processes, and controls framework is designed to ensure an organization’s data integrity, availability, and usability. A key aspect of data governance is establishing a single source of truth for key entities like customers, products, and vendors across all strategic systems.
This is not a one-man show; it is an organizational objective. It starts with clerical responsibility over the entered data, followed by middle-management control with (often built-in) checks and balances.
Departmental data stewards protect data quality; they own and manage specific data domains.