Data is one of the most valuable assets a business owns, but without proper management, it can quickly become a liability. Data Governance is the framework that ensures data is accurate, consistent, and secure across an organization. Poor data governance can lead to errors in reporting, compliance risks, and operational inefficiencies. Effective data governance policies define who has access to data, how it should be handled, and how it aligns with industry regulations. By establishing strong data governance, organizations ensure that data remains trustworthy, reducing risk and improving overall business operations.
Key practices within Data Governance include:
● Data Quality Management – Ensuring data is accurate, consistent, and reliable.
● Access & Security Controls – Defining who can access what data to prevent misuse.
● Regulatory Compliance – Aligning data practices with industry laws and standards.
● Metadata Management – Organizing data assets to improve searchability and usability.