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With the growing interconnectedness of people, companies and devices, we are now accumulating increasing amounts of data from a growing variety of channels. New data (or combinations of data) enable innovative use cases and assist in optimizing internal processes. This is where data governance comes in. .
Modern analytics is about scaling analytics capabilities with the aid of machine learning to take advantage of the mountains of data fueling today’s businesses, and delivering real-time information and insights to the people across the organization who need it.
[i] CIOs face mounting pressure to optimize their datastrategy, manage vendors effectively, and accelerate digital transformation. Identity resolution is central to all three, yet many organizations struggle with fragmented data, vendor management, and scalable identity solutions. McKinsey & Co. iv Rooney, Paula.
According to Forrester, the business value of data governance is generated through: A strong data foundation to support decision-making and data literacy across the entire enterprise. Maintaining security, privacy, and compliance while driving accountability and trust while leveraging data assets. Policy management.
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