Data Governance establishes the policies, processes, and standards for managing an organization's data assets. It's a fundamental framework ensuring data is used effectively, ethically, and securely.
Key Aspects include:
- Decision Rights & Accountability: Clearly defining who has the authority over data and who is responsible for its quality and compliance.
- Quality & Integrity: Ensuring data is accurate, consistent, and trustworthy for decision-making.
- Compliance & Ethics: Adhering to regulations (like GDPR) and internal ethical guidelines regarding data use and privacy.
Essentially, Data Governance transforms raw data into a reliable and valuable strategic asset.