Mention data governance to a developer and a chill might run up their spine.
Historically, data governance, the management of data access within an enterprise, has been seen as a time consuming, complex task with minimal long-term value to an organization. Yet along with the emerging role of the CDO (chief data officer), integrated and unified data governance is becoming a critical strategy for data-driven organizations.
Why does data governance matter?
Gone are the days of data governance applying only to highly regulated industries like healthcare, finance, and government. The amount of data available to organizations has skyrocketed in recent years, according to IDC the total amount of data worldwide will hit 180 zettabytes by 2025, and the chief data officer has become a critical member of any organization’s executive team.
CDOs strive to succeed in five areas: