Data Governance

Core Concepts

Definition

Data Governance is the framework for the management and control of data assets within an organization.

Detailed Description

Data Governance involves establishing policies, procedures, and standards to ensure that data is accurate, accessible, consistent, and protected. It encompasses practices related to data quality, security, and privacy, ensuring that data is handled in compliance with regulatory requirements and aligns with the business strategy.

Key Features

Data lifecycle management
Data quality management
Data security and privacy compliance
Establishment of data policies and procedures

Common Modules

Data Quality Management

Monitors and maintains the quality of data through validation and cleansing processes.

Data Security

Focuses on protecting data from unauthorized access or corruption throughout its lifecycle.

Master Data Management

Ensures consistency and accuracy of key business data across the organization.

Popular Implementations

Healthcare Data Governance

In healthcare, data governance is crucial for maintaining patient data privacy and improving the accuracy of health records.

Implementation in Finance Sector

Financial institutions use data governance frameworks to ensure compliance with regulation and enhance data-driven decision-making processes.