By Vishal Muktewar - March 11, 2022 3 Mins Read
Having a data governance framework enables organizations to gain valuable insights while also exposing potential avenues for vulnerabilities within the infrastructure.
Surviving in today’s fierce competitive enterprise ecosystem requires organizations to effectively capitalize on their data. Not only does it play a key role in their journey towards achieving their objectives, but it can also help them to effectively navigate times of crisis. But, to capitalize on this data, organizations should know how to strategically leverage it.
Data is growing and evolving at an exponential rate. In fact, as per a report from Gartner, titled “Top Trends in Data and Analytics for 2021: From Big to Small and Wide Data,” over 70% of the organization will shift their focus from Big to Small and Wide Data by 2025. Its massive explosion within a short span of time has given rise to unstructured and fragmented data, which continues to expand at an unprecedented pace. Hence, it is the right time for organizations to finally consider incorporating a data governance framework.
Data governance empowers organizations to ensure that data is always stored in an appropriate environment according to usage, value, and business priority.
While data governance is not a new concept, they have always been considered from a third-party supplier perspective. However, this approach stopped working as data witnessed a massive explosion as organizations began to look for services of multiple data storage suppliers as well as cloud platforms to manage their data.
In today’s growing cyber-attack environment, data needs to be resilient. It requires entire lifecycle management where the modern data management policies not only can organize and secure it but also allow organizations to gain valuable insights. Thus, before beginning to create their modern data governance to eliminate deal with their fragment data issues, organizations should take the following steps:
Adaptive organizations turn their fragmented data into their most valuable asset. They should take the help of AI, supported by machine learning to build a data governance framework that will enable them to navigate through a data warehouse or data lakes for analyzing data patterns as well as relationships.
Vishal Muktewar is a Senior Correspondent at On Dot Media. He reports news that focuses on the latest trends and innovations happening in the B2B industry. An IT engineer by profession, Vishal has worked at Insights Success before joining Ondot. His love for stories has driven him to take up a career in enterprise journalism. He effectively uses his knowledge of technology and flair for writing, for crafting features, articles and interactions for technology enterprise media platforms.
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