Data governance is the process by which an organization manages and secures its data. It includes the processes and policies that govern how data is collected, used, protected, and shared both internally and externally. Proper data governance ensures an organization’s data is accurate, complete, and consistent.
Data governance is a critical part of business analytics, which requires precise, complete, and consistent data. A good data governance strategy helps ensure that a business’s data can be used to make actionable data-driven decisions; it shapes how that data is used to improve security and outcomes.
Data governance is a complex process no matter the environment in which it operates, but it can be broken down into three key components:
Data governance technologies, techniques, and internal governance policies determine who, inside or outside an organization, has access to certain data and data tools. As Gartner describes, it is “the specification of decision rights and an accountability framework to ensure the appropriate behavior in the valuation, creation, consumption, and control of data and analytics.”
Some of the most notable benefits of recent data governance technologies and applications include the following:
As data governance evolves, so too do its benefits. New technologies and applications are emerging all the time that can help organizations improve how they govern, manage, and protect their data.
Access to data alone is not enough to support meaningful decisions, especially among nontechnical professionals. That’s why data governance technologies are often paired with or even a part of modern business analytics technology platforms.
For example, the Decision Intelligence Platform from Pyramid Analytics includes built-in security and governance tools that dynamically scale with an analytics environment. Along with customizable dashboards that can be individualized for any variety of users, Pyramid Analytics supports robust yet simplified data governance capabilities. With Pyramid’s governance framework, there is no limit to the number of people data leaders choose to provide data access to and no risks associated with providing that access.
Pyramid Analytics’ data governance is unique in that it can connect any number of users within an organization to the same data sources in controlled, contextually relevant ways. With secured access across all types of users, organizations are less likely to end up with data silos, inconsistent data, old data, or a lack of data awareness. Critically, Pyramid Analytics ensures each user can visualize, and appropriately share, data in ways that are easy to understand, no matter their level of technical training.
Contact us today to learn more about how our decision intelligence and data governance environment can support better decisions within your organization.