Data Governance: Managing Data as an Asset
Data Is a Strategic Asset Proper governance transforms data from liability to competitive advantage. Governance Framework Policies define rules and standards. Procedures describe execution. Roles assign responsibilities. Metrics measure effectiveness. Data Quality Accuracy ensures correctness. Completeness means no missing values. Consistency across systems. Timeliness for current decisions. Data Catalog Inventory of data assets. Metadata describes content and context. Lineage tracks data flow. Search enables discovery. Master Data Management Single source of truth for critical data. Customer master unifies profiles. Product master ensures consistency. Reference data standards. ...