Analytics Recipe Cookbook - Summaries

All you need to know about Data Governance

  • 1.  All you need to know about Data Governance

    Posted 05-29-2018 05:14 PM
    We have reached the age, where an organisation's data is its foundation. As data grows in volumes, managing data efficiently becomes a primary business obligation. In the past decade, or before that, data governance was just a good thing to have. However, it has made a strong comeback and businesses are looking forward to the growing importance of data governance.
    There's no single definition to data governance. Data governance is a vast phenomenon that aims at improving the quality and reliability of data in an enterprise by following the best practices in data management. In a nutshell, data governance is a set of practices that ensures that business data is collected, accessed, utilized, managed and protected well.
    Data governance is an important component of digital analytics strategy and is the key for businesses to make meaningful decisions. Therefore, it is extremely important to have a quality control mechanism that helps you validate the consistency and reliability of your analytics data. Hence, it is critical to invest your time and resources for setting up a comprehensive data governance strategy.

    Analysis Overview:
    In this recipe, we will cover
    • why data governance is required
    • what are the different components of data governance
    • best practices to be followed in each of its components
    Analysis Benefits:
    Benefits of Data Governance are
    1. Spend your budget efficiently
    2. Maintain consistent and reliable data
    3. Build Strong Digital Analytics Strategy
    4. Make prudent decisions
    5. Protect critical data by reducing unwanted risks with the data collected

    DAA members, go here to view full recipe.

    Vivek S V
    Nabler (Corporate Account)
    Essential Series: Applying Digital Analytics