Data Related Concepts

Data Governance

Data governance is a collection of practices and processes that organizations use to manage, utilize and protect their data in order to ensure the formal management of data assets. The key participants are chief data officer, data governance manager, data governance committee and data stewards. Without effective data governance, data inconsistencies in different systems across an organization might not get resolved. According to ESG Research Insights Report, 87% of the organizations reported to have already established or are in the process of establishing data governance as a key tenet of their business and 91% place it among the top 10 business and technology priorities.