The ability to access and leverage data to drive business value may sound like a no-brainer for creating competitive advantage. But in today’s complex and siloed global enterprise, where big data is the order of the day, putting data into the hands of the business users who need it for critical decision-making has become a challenge.
The problem is that big data is so vast and hidden within independent business departments, functions and/or processes that organizing it for analysis is no easy task. Consequently, big data analytics can be biased and missing context, since they’re based on convenience samples or subsets defined by those disparate groups across the organization.
The Value of Data Governance Alongside Big Data
To address this issue, companies need to have a data governance process in place that enables data to be governed across all silos and presented in a meaningful way that generates the most value — just the way a business user needs it.
Without knowing what data you have, what it means, who uses it, what it is for, and how good it is, an enterprise will never have the insights and information needed to operate effectively. Instead of an afterthought, data governance needs to be front and center in the organizational effort to harness the power of its data.
Data governance enables the organization to take care of the data it has, get more value from that data, and make important aspects of that data visible to users. It also provides capabilities to manage these aspects.