benefits of data governance
Dec 21, 2022 03:55:16 AM
LumenData – San Jose 75 East Santa Clara Street, Floor 6 ,
San Jose, California,
United States 95113
Data is available on multiple sources, on the cloud, and on-premises across IoT-enabled devices paving way for an unprecedented level of attacks to breach intellectual property and data. The lack of a uniform approach to tackle both structured data and fluid data (data generated on the move) adds to this predicament faced by enterprises. Businesses cannot afford to ignore the need to implement data governance controls; progress can be achieved only if a transparent, yet systematic approach is adopted to handle all kinds of data. This will slowly set the ball rolling in favour of reusing such data to generate insights and automation of processes.
The need for “Data Governance” and how is it going to help businesses handle their data better?
Enterprise data plays a crucial role in leading a fast-paced digital transformation strategy. Further-
• Senior management requires accurate and timely data to make strategic business decisions.
• Marketing and sales professionals need reliable data to understand the needs of their customers.
• Procurement and supply-chain-management personnel need updated information to track inventory and reduce manufacturing costs.
• Compliance officers are required to prove that the data handled adhered to both internal and external mandates.