Data governance is foundational for a data management strategy. For technology leaders, a robust data governance process protects your organization from expensive data breaches, and non-compliance with data regulations. For business leaders, poor governance can result in poor data quality, impacting the revenue and business value of your data.
Enterprise data governance is a cross-functional, collaborative, and complex program. Done well, it improves your organization’s collaboration, communication, and efficacy.
A 2021 article by Gartner found that “Every year, poor data quality costs organizations an average $12.9 million. Apart from the immediate impact on revenue, over the long term, poor quality data increases the complexity of data ecosystems and leads to poor decision making.
Data governance is an essential component of an effective data strategy. It involves establishing clear policies, processes, and standards for data management and oversight, including data security, data privacy, and data quality. A strong data governance strategy helps ensure that data is accurate, reliable, and secure, and that it is used effectively to drive business outcomes.
A robust Master Data Management solution ensures data consistency and accuracy across the entire organization by establishing a single source of truth for key data elements, such as customer, product, and supplier information. This includes: master data management implementation, enterprise data governance, aggregation, survivorship, and data stewardship. Additionally, we enable “golden records” (a single source of truth) across product, customer, supplier, and location domains.
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A robust Master Data Management solution ensures data consistency and accuracy across the entire organization by establishing a single source of truth for key data elements, such as customer, product, and supplier information.
Enabling digital revenue by turning your data into well-merchandised products. We help you solve for robust discovery, search, and shopping.
We unlock insights and intelligence with robust data and analytics capabilities. Enable and empower stakeholders throughout your organization with advanced analytics techniques and tools.
