What is a Data Governance Strategy?
A Data Governance Strategy is a systematic approach aimed at ensuring the availability, integrity & security of the data in an organization. This includes setting up policies & procedures that ensure responsible management of data assets .
Why is it needed?
In a data-driven world, a Data Governance Strategy is essential for most organizations. It provides a clear protocol for handling data. This ensures data practices are consistent and compliant with both internal policies and external regulations. This is crucial for mitigating risks related to data breaches & legal penalties. A well implemented data governance strategy also improves the quality and accessibility of data allowing employees to access high quality data when required. This
ultimately tends to improving organizational decision making.
DAMA Wheel
To guide our Data Governance Strategy, Webience utilizes the DAMA Wheel framework from DAMA International, a well reputed organization for data management
professionals. The DAMA Wheel outlines key data management areas such as Data Governance, Data Architecture Management, Data Development, Data Operations Management, Data Security Management, Reference & Master Data Management, Data Warehousing & Business Intelligence Management, Document & Content Management, Metadata Management, and Data Quality Management.
By following this framework, we ensure that all aspects of data management are aligned with your business strategy.
Our Data Governance Strategy Framework Includes :
Assessment
We evaluate your existing data management practices and infrastructure to identify gaps and areas for improvement.
Training
To ensure successful adoption of the Data Governance Framework, we provide comprehensive training and ongoing support to all stakeholders.
Monitoring & Optimization
We continuously monitor and optimize our Framework based on feedback, technological advancement & regulatory changes.
Implementation
Along with your internal technical team , we implement the Data Governance Framework
Development of Data Governance Framework
Based on the assessment, we develop a Data Governance Framework that includes defining roles and responsibilities (data owners, data users etc.), establishing data policies and standards.
Our Data Governance Strategy ensures that your organization not only complies with necessary data regulations but also transforms data into a strategic business asset.