Data governance and management is a term that has become more commonplace in recent years. However, many organizations still struggle to implement effective data governance and management strategies. This lack of focus is becoming more and more apparent as the importance of data management continues to grow.<\/p>\n
Here are the four key pillars of data governance to Manage your Information Assets. A robust data governance framework is the foundation for these four pillars, ensuring data is managed, protected, and utilized efficiently.<\/p>\n
Data governance ensures that your data is available to the right people at the right time and in a usable format. A well-established data governance framework can help you improve business processes, reduce costs, and ensure compliance with industry standards like GDPR. Businesses can use these data governance pillars and their best practices to leapfrog their efforts in streamlining the flow of information amongst different levels of the business.<\/p>\n
Data governance helps you to:<\/p>\n
Master Data Management<\/a> (MDM) ensures that the right data is available to users at the right time. It\u2019s a process of managing data<\/a> about your business, including products, customers, suppliers, employees, and other entities that make up your organization.<\/p>\n Master Data Management helps you define attributes for each entity by creating \u201cmaster\u201d records in a central repository. It also helps you manage relationships between those entities so that when someone requests information about one thing (say, a customer), it will also return all related information (like orders).<\/p>\n Data quality is the degree to which data is fit for use. Data quality has four dimensions: accuracy, completeness, relevance, and timeliness.<\/p>\n The impact of poor data quality can be significant \u2013 it can lead to financial losses or organizational failure. For example, if customer data isn\u2019t accurate or complete, then your marketing campaigns won\u2019t perform as well as they could have otherwise; if your sales team doesn\u2019t know what products are selling well in which regions, then they may not sell enough units; if there are no processes in place for updating contact details on files regularly, this means that customers won\u2019t get contacted when new products become available, or special offers are made available only via email or SMS, etc.<\/p>\n Data security is a top priority for organizations across the globe. The General Data Protection Regulation (GDPR) requires companies to protect personal data and privacy in their operations and processes. In addition to this regulation, many more laws and regulations affect your ability to collect and use customer information effectively to provide value-added services or products through your business. For example:<\/p>\n Effective data<\/a> governance is critical to the success of any enterprise. These data governance pillars help you ensure that your organization\u2019s data is:<\/p>\n Data governance is a critical component of any enterprise. Data is the fuel that powers our digital economy, so it\u2019s important to ensure that your data is secure<\/a> and compliant with regulations like GDPR or HIPAA. By implementing one or more of these four pillars\u2013data governance, master data management, data quality, and security & compliance\u2013you can ensure that your organization has the right tools in place to manage its information assets effectively and efficiently.\u201d<\/p>\n Cigniti\u2019s Data Governance and Management is a part of the overall Data Engineering & insights<\/a> services that help you handle these four pillars of Data Governance, Master Data Management, Data Quality, and Security & compliance of your business data effectively and efficiently. Our team of experts handles your enterprise data governance and management using data governance frameworks, master data management tools, updated master data management software, effective data quality tools, and the data security and compliance laws of the land.<\/p>\n Need help? Read more about\u202fCigniti\u2019s\u00a0Data Engineering & Insights Services<\/a>\u00a0to learn how it can accelerate your data governance and management efforts.<\/p>\n","protected":false},"excerpt":{"rendered":" Data governance and management is a term that has become more commonplace in recent years. However, many organizations still struggle to implement effective data governance and management strategies. This lack of focus is becoming more and more apparent as the importance of data management continues to grow. 4 Pillars of Data Governance Framework Here are […]<\/p>\n","protected":false},"author":20,"featured_media":18876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4534,4495],"tags":[4531,4611,4612,4613,240,4614,4615],"ppma_author":[3727],"class_list":["post-18855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-insights","category-data-quality-governance","tag-data-engineering","tag-data-governance","tag-data-management","tag-data-quality","tag-data-security","tag-master-data-management","tag-security-and-compliance"],"authors":[{"term_id":3727,"user_id":20,"is_guest":0,"slug":"cigniti","display_name":"About Cigniti (A Coforge Company)","avatar_url":{"url":"https:\/\/www.cigniti.com\/blog\/wp-content\/uploads\/2024\/10\/Coforge-blog-Logo.png","url2x":"https:\/\/www.cigniti.com\/blog\/wp-content\/uploads\/2024\/10\/Coforge-blog-Logo.png"},"user_url":"https:\/\/www.cigniti.com\/","last_name":"(A Coforge Company)","first_name":"About Cigniti","job_title":"","description":"Cigniti Technologies Limited, a Coforge company, is the world\u2019s leading AI & IP-led Digital Assurance and Digital Engineering services provider. Headquartered in Hyderabad, India, Cigniti\u2019s 4200+ employees help Fortune 500 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & platform-led innovation with expertise across multiple verticals and domains.\r\n3) Data Quality<\/h3>\n
4)\u00a0Security and Compliance<\/h3>\n
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Conclusion<\/h2>\n
\r\nLearn more about Cigniti at www.cigniti.com<\/a> and about Coforge at www.coforge.com<\/a>."}],"_links":{"self":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts\/18855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/comments?post=18855"}],"version-history":[{"count":0,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts\/18855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/media\/18876"}],"wp:attachment":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/media?parent=18855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/categories?post=18855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/tags?post=18855"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=18855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}