What is Data Governance?
The complete management of the accessibility, usability, integrity and security of data that is used in an enterprise is termed as data governance. It encompasses strategies and technologies that are used to make sure that business data stays in compliance with regulations and corporate policies.
Benefits of Data Governance
Data governance is a prerequisite for a number of projects and has a wide range of benefits which includes the following.
Better Decision Support
Data governance offers consistent, uniform data and processes across the organizations that are essential components for a more comprehensive and better decision support.
Increased Scalability of the IT Landscape
Data governance offers clear rules for changing processes and data that help in increasing the scalability of IT landscape at a technical, business and organizational level.
Optimization of the Cost of Data Management
The central control mechanisms offered by data governance offers potential that help in optimizing the cost of data management.
Enhanced Efficiency
By reusing processes and data the efficiency is enhanced to a great extent.
Higher Confidence in Data
With data governance higher confidence in data is achieved through quality assured and certified data along with the complete documentation of data processes.
Basel III and Solvency II
With data governance compliance guidelines such as Basel III and Solvency II are achieved.
Data Security
By monitoring and reviewing the privacy policies security is provided to both the internal as well as external data.
Process Efficiency Enhancement
Data governance reduces the long coordination processes which in turn help in increasing the process efficiency.
Clear Communication
Clear and transparent communication is achieved through standardization, which is necessary for enterprise wide data centric initiatives.
Every organization must implement data governance as it provides a framework that is beneficial for proactively managing data. Hence, proper data governance training from a reliable source is highly essential for every organization.
Conclusion:
PVV Technologies provides online data governance training and certification program with stringent quality procedures that help candidates understand and excel in the real time situations.
