How to Avoid Pitfalls in Launching a Modern Data Governance Program
This paper aims to help avoid mistakes while implementing a data governance program during a digital transformation initiative. Unfortunately, many data governance initiatives fail for various reasons, including lack of focus on the right areas, lack of stakeholder commitment, siloed understanding, improper prioritization, cultural barriers, no monitoring mechanism, and so on.
When appropriately implemented, data governance empowers an organization to achieve data agility, i.e., data is utilized as a strategic asset that is accessible, usable, and reliable, and at the same time, ensures data is secured and compliant.
When you achieve data agility, you can quickly answer important questions, such as:
- What data do we have and in which format?
- What are the sources of the data?
- How is this data used, and what value does it deliver?
- Who is responsible for this data?
- Is the data trusted?