BI Data Governance

Data governance is catching the attention of executives all over the world.

Companies are spending millions of dollars on data programs, and expect major improvements in revenue and regulatory compliance efforts. Governance is key—it establishes accountability and authority for managing this valuable asset.

HP defines data governance as:

“An enterprise business function that aligns business priorities, people, processes and technology; to set the policies and procedures for data administration.”

This approach enables each technology area to have a different organizational structure, all linked to the enterprise.

A strong data governance program results in data that is available, accurate, auditable, explainable and safeguarded. Benefits include:

• Improved ability to meet compliance mandates: reduced risk of monetary penalties for non-compliance
• Increased revenue: faster access to reliable data
• Increased speed of organizational response: accountability and decision-making are driven into the organization

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