February 6, 2023
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Every business handles heaping amounts of data every day, making data governance a must. Your data is among your most valuable business assets — in fact, it's just as important as your cash assets (yes, really).
You can improve the way you handle your organization's information by exercising data governance. When you team up with Eden Data, our governance gurus will have your back. We work on the cutting edge of Cybersecurity so you can reap the benefits.
You can improve the way you handle your organization's information by exercising data governance. When you team up with Eden Data, our governance gurus will have your back. We work on the cutting edge of Cybersecurity so you can reap the benefits.
How the Heck Do I Start on My Data Governance Journey?
- Create Objectives: We'll start by identifying your company's pain points and determining the best ways to dress your data governance wounds.
- Assess Current Position: Our team will get the low-down on your company's existing data governance activities to figure out your current standing.
- Define Standards: Once we know how your business is holding up, we'll define necessary metadata standards for ensuring maximum data availability, efficiency and process delivery in your organization.
- Develop a Game Plan: We'll use all the information we've gathered so far to create a data protection plan that slays. Our data protection pros will create a blueprint detailing the perfect policies and processes for data monitoring, remediation and reporting.
- Establish Metrics: After we've devised a data governance plan for your company, we'll set key performance indicators so we can size up your progress.
- Roll out the Plan: Time to put your data governance plan into action. Our team will roll out your strategy by implementing processes and controls for effective data management within your organization.
- Document, Document, Document: All data-related decisions should be well-documented to support compliance requirements. We'll take detailed records of everything we do so you don't have to sweat it yourself.
- Measure Your Success: Now that we've gotten your data governance plan off the ground, we'll keep tabs to measure its overall effectiveness.
What Exactly Is Data Governance?
Let's get the pesky technical jargon out of the way. By definition, data governance refers to the data usage standards for managing security, availability and integrity in enterprise systems. Basically, data governance outlines the processes, policies and standards a company should follow to use its information effectively throughout its life cycle.
The data governance framework ensures all data is consistent, trustworthy and handled properly at every step — from data entry to storage, management, access and deletion.
Data Governance vs. Data Management — What's the Diff?
Data governance and data management are probably sounding pretty similar to you right now, right? We thought you'd say that. These concepts are two sides of the same coin, but they don't mean the same thing.
Basically, data governance sets the policies and procedures for handling data, while data management is the process of putting these rules into action. Each of these concepts involves different moving parts that contribute to effective data usage. Let's break them down.
What involves Data Governance?
Policies: Policies establish who can access data, where you can store data and how long you can retain data.
Standards: Companies need to set standards for data quality assurance, participate in data monitoring and minimize data-related issues.
What is the main purpose of data management?
Data management practices focus on:
Processes: Data management requires individuals to enact specific processes for supporting data quality and usage. Standardization, cleansing, encryption, archiving and deletion processes are all part of it.
Tools: Companies can use many tools to prepare and manage data, like process automation applications and data loading software.
Data Governance
Data governance involves:
Policies: Policies establish who can access data, where you can store data and how long you can retain data.
Standards: Companies need to set standards for data quality assurance, participate in data monitoring and minimize data-related issues.
Data Management
Data management practices focus on:
Processes: Data management requires individuals to enact specific processes for supporting data quality and usage. Standardization, cleansing, encryption, archiving and deletion processes are all part of it.
Tools: Companies can use many tools to prepare and manage data, like process automation applications and data loading software.
Why Is Data Governance Important to My Company?
Let's cut to the chase — every company needs data governance. Following these processes and procedures is important to your organization for a variety of reasons, including:
Improving Data Quality
Data governance can help you improve data quality by pinpointing and remediating data set errors.
Making Data Accessible
With data governance, you can avoid data silos across departments so all groups within your organization can access it (sharing is caring!).
Increasing Data Accuracy
Data governance policies improve the accuracy of your data analytics, providing decision-makers with more dependable information they can use to advance your company to the big leagues.
Preventing Data Errors
Enforcing data governance procedures across your company minimizes errors and misuse.
Maintaining Compliance
Adhering to data governance framework helps your business comply with data privacy laws and other complex regulations.
Saving Money
Because data governance promotes more effective resource management and day-to-day operational efficiency, it ultimately enables your company to save more moolah and bring home the bacon.
Related Blog Posts
Did you know that most data privacy regulations require an organization to have an appointed head of security and/or privacy?
Take Advantage of Data
Governance Tools From Eden Data
Count on Eden Data for the expert craftsmanship you need to build a data governance framework that holds up. It's our mission to change the Cybersecurity game for startups, which means providing scalable services to help your company achieve more.
