Making data governance a part of your culture

One of the many aftereffects of BREXIT will be a defiance of pre-defined rules for global data protection, paving the way for a new phase of data governance. While the UK is contemplating whether to be more liberal or stringent than EU standards, organizations are compelled to relook at their privacy and security policy.
Going forward, companies will have to be more mindful of where their data is flowing. We recently released a report on “State of Analytics and Decision Science”, which reveals that most organizations prefer centralized model of analytics and data governance, even though such a model is known to lack agility.
However, this trend is bound to change and successful organizations will embrace a more balanced approach to governance. That new, more balanced era of data governance won’t be just about new tools, roles, policies, or strategy, (although these are vital for its implementation), it will be about cultivating data governance within the culture of the organization.
To include data governance as part of company culture, organizations require a brand-new admiration for this facet of business. An effective data strategy as well as protocols around data usage need to be a part of business strategy. A dedicated team responsible for data governance, equipped with contemporary technologies need to be formed. This will, in turn drive everyone in the organization to accept data governance as part of the agenda.
Governance team |
Cultivating a “governance” culture |
Contemporary technologies |
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Incorporating Data Governance as part of company’s culture needs a change in behavior around data usage. It can only start with an acceptance of data as a strategic and valuable asset to the organization, which can impact business objective when governed well.