Building a business-friendly approach to data governance

Precisely is a Business Reporter client 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 regulations. But how should organisations approach a data governance strategy to deliver optimised and ongoing value to the business, and what steps help ensure its success? Key drivers to successful data governance programmes Research has shown that two-thirds of organisations report improved data quality as a leading benefit, but there were other examples of significant added value too, with respondents reporting overall “higher quality of data analytics and insights”, as well as other benefits relating to “facilitated collaboration” and “faster access to relevant data”. “You’ll be able to talk to anybody, whether they are senior stakeholders or the data users themselves, and you’re going to be able to articulate what the benefits of data governance are going to be to them – and that is going to make you be so much more successful in your data governance initiative.” In the end, outlining expected outcomes in the data governance business case demonstrates its value across the enterprise and boosts executive buy-in for the necessary funding and resources.