Data Governance Good Practices PDF
Data Governance Good Practices PDF
Data Governance Good Practices PDF
Abstract
In this paper, summative approach has been show the role of Chief Information Officer
(CIO) in the data governance which is one of the vital aspects of corporate governance.
Nowadays the CIOs duties and responsibilities are more concentrated towards tools
and techniques of the technology. CIOs typically believe business intelligence is
implementing different architectures, Business Intelligence tools, virtualization, cloud
computing etc. CIOs fail to live up to the ‘information’ part of their duties and thus
failing to take into account the human element in information. The various data
management practices and standards has been described in this paper which are
considered as the best practiced data governance which need to be adopted by the CIOs
in today’s ever increasing competitive market.
Keywords: Data Governance, Data Custodian, Data Assets.
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ISSN: 2348-7666 Vol.1 Issue.3, September, 2014
IV. Train management and staff to organization is not always easy and the
adapt common approaches consequences of an incomplete or
incorrect application might be severe.
V. Build standards and processes
That is why good governance is a must.
VI. Reduce the costs and increase the Missing security often leads to data loss
effectiveness or theft of data especially in huge
VII. Ensure transparency corporations where it is not always
possible to track the access and
Why corporate would need a Data ownership of data. Data governance can
Governance Initiative limit the risk by defining clear ownership
Data can develop new opportunities for and standard practices throughout the
business that is why data governance corporation8. Proactive data governance
controls and reduce the risk around the is necessary to ensure confidentiality,
data. Over the next two years, more than integrity, accessibility, availability, and
25 percent of critical data in Fortune quality of the data. Establishing data
1000 companies will continue to be governance is a critical task for any
flawed, that is, the information will be organization. It requires defining the
inaccurate, incomplete or unnecessarily organizational vision, policies, and
duplicate6 . The demand for trusted practices; gaining support of the
information continues to spiral upward. stakeholders; implementing the program;
States currently own significant data and monitoring its success. By clearly
resources, but turning that data resource outlining policies, standard procedures,
into an information asset that can be responsibilities, and controls surrounding
managed for effective decision making is data activities, a data governance
simply not happening at an enterprise program helps to ensure that information
level. There are effective point solutions is collected, maintained, used, and
within specific agencies but managing disseminated in a way that protects the
information as an enterprise asset will individuals’ rights to privacy,
require effective data governance7. Data confidentiality, and security, while
theft, data loss, data quality are some producing timely and accurate statistical
serious data related issues resulting out data9. According to (Cabrera, 2009),
of lack of data management and Corporate Data Governance has not only
governing. A data governance program the risk limiting and protecting ability of
can help the organization in data quality data but also helps in developing new
management by enforcing data standards opportunities. An organization having
and definitions and coordinating the data data governance program will have surely
quality effort. Data Governance program implemented clear data definitions, roles
participates to find out the correctness of responsibilities as well as accepted by the
application of the legal standards and organization will be easily able to react
regulations followed in the organization. and integrate any business
The process to apply them in an transformation and development and
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ISSN: 2348-7666 Vol.1 Issue.3, September, 2014
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ISSN: 2348-7666 Vol.1 Issue.3, September, 2014
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ISSN: 2348-7666 Vol.1 Issue.3, September, 2014
13
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