Tag: Data governance

With the advent of the digital transformation — spurred on by the pandemic-related rise in remote work — companies now store most of their data digitally. While moving to digital data storage is incredibly convenient and promotes increased collaboration and efficiency, it has also opened the...

Organizations are experiencing explosive growth in the volume and variety of data they collect, store and process. Unfortunately, many of them do not understand what types of data they are handling — and what value that data has — so they cannot maintain proper control over it. As a result,...

Data lifecycle management (DLM) is the process of safeguarding data appropriately throughout its existence. The basic data lifecycle stages are creation, storage, data usage, sharing and destruction:  Figure 1. The 6 basic data lifecycle management stages The goal of DLM is to...

When a network contains an excess of redundant, obsolete and trivial (ROT) data, productivity and desired outcomes can take a hit. The good news is that organizations can significantly reduce the impact of ROT data when they plan properly and invest in the right tools. Handpicked related...

Your data assets are vital to the success of your business. Are your data management practices as good as they can be? This article explores the nature of data governance and explains the key data governance best practices to keep in mind when developing and implementing a data management...

Knowledge management (KM) is the discipline of not only capturing knowledge, but also storing, using and sharing knowledge. While defining the term in a general way is straightforward, each KM program needs its individual definition and techniques, depending on the organization’s specific goals...

Data management is critical to the success of any business endeavor larger than a lemonade stand. A business must be able to supply its people with the data assets they need to carry out their day-to-day tasks successfully. Whether they’re positioned in accounting, production, logistics, or any...

Data is a crucial asset for businesses today. Ensuring that high-quality data is readily accessible can drive competitive differentiation, healthy business operations and regulatory compliance. Therefore, data governance is a critical initiative for many organizations. One data governance...

The importance of a formalized data governance program rises with the amount of data in the organization. Smaller companies often have separate data governance processes that help with a limited scope of data-related problems, but larger enterprises commonly need to get a more formal corporate data...

Your organization’s data is a strategic asset. Just like your finances and customer relationships, it needs proper management. Too many companies have a short attention span when it comes to data governance. Even in industries like finance, where there’s a need to comply with various...