1-Data Governance Definition
If you’re asking yourself ‘what is data governance?’ you’re definitely not alone. It can be a concept that people struggle with. Essentially, this type of governance is all about how you manage data within your organization. In many cases, it’s one of the most important considerations in your company, especially if your company is highly Internet-based. How you secure and handle electronic information is often going to be a life or death thing for your company, in fact. If you’ve signed contracts about keeping data safe, you could face serious fees and even criminal charges if you mess it up.
Although many projects start small, they can often grow very quickly in this field. If you’re making money at all, this is very likely going to be the case. If you prepare your system to handle a lot of data right off the bat, you won’t be completely surprised when your company goes from only handling a small amount of it to suddenly having to deal with much more practically overnight. Many companies can end up suffering from their own success in this way.
3-Give Your CDO Power
Your chief data officer is the one who’s going to have to worry about all of this the most, but if you don’t give him or her the power to do the job, they will be hamstringed. Their job is to facilitate and oversee data throughout your company’s operations. IN order for everything to work right, the CDO has to be able to communicate well with everyone else in the company and make things happen.
4-Think of Data as a Product
When approaching your data governance framework, it helps to think of the whole thing as a product that you are selling. In other words, you need to think of it from a customer point of view. Thinking of it as a product will help improve how you handle it.
It’s important to form relationships and connect with others in the data industry. This is because you need support from stakeholders. They need to promote your data throughout the organization in order for everything to work correctly. You can’t just lay down orders all the time, everything has to be smooth in order for there to be effective operations.
6-Have Clear Goals
Another important part of all of this is to make sure that you have a strategy right from the beginning. You need to look at your data and determine which parts of it are the most important and also why the data is important as a whole. Once you have this figured out, you can create a vision of the future that you then get everyone else on board with, pushing toward it at all times and in all situations.
7-First Thing’s First
It’s also impo9rtant to focus on your priorities when you first get started. There will be some tasks that are more important than others when it comes to data governance, and the key is to make sure that you know what those are. Establishing your priorities is going to be a critical beginning step on your journey.