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Whether the enterprise uses dozens or hundreds of data sources for multi-function analytics, all organizations can run into datagovernance issues. Bad datagovernance practices lead to data breaches, lawsuits, and regulatory fines — and no enterprise is immune. . Everyone Fails DataGovernance.
erwin recently hosted the second in its six-part webinar series on the practice of datagovernance and how to proactively deal with its complexities. Led by Frank Pörschmann of iDIGMA GmbH, an IT industry veteran and datagovernance strategist, the second webinar focused on “ The Value of DataGovernance & How to Quantify It.”.
At the root of data intelligence is datagovernance , which helps ensure the right level of data access, availability and usage based on a defined set of data policies and principles. The Importance of DataGovernance. Organizations recognize the importance of effective datagovernance.
Disaggregated silos: With highly atomized data assets and minimal enterprise datagovernance, chief data oofficers are being tasked with identifying processes that can reduce liability and offer levers to better control security and costs. There are three major architectures under the modern data architecture umbrella. .
Specifically, organizations are implementing datagovernance programs and dataquality workflows to improve data accuracy, completeness, and consistency. They are launching data literacy programs with coaching and support networks to improve knowledge and skills required to use BI/analytics tools effectively.
While most continue to struggle with dataquality issues and cumbersome manual processes, best-in-class companies are making improvements with commercial automation tools. The data vault has strong adherents among best-in-class companies, even though its usage lags the alternative approaches of third-normal-form and star schema.
I have since run and driven transformation in Reference Data, Master Data , KYC [3] , Customer Data, Data Warehousing and more recently Data Lakes and Analytics , constantly building experience and capability in the DataGovernance , Quality and data services domains, both inside banks, as a consultant and as a vendor.
In 2025, businesses intentional with upskilling will maximize AI benefits with a competitive edge, while those who rush to incorporate AIs next big thing before their team is ready will be hindered in their efforts to innovate.
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