Data governance refers to how an organization creates, collects, retains and uses data. An organization with a well-implemented data governance practice will have identified data owners and data stewards of enterprise data, formal processes for managing data through its lifecycle, and a governing body for enforcing and ensuring compliance with those processes. So, in essence, data governance explains an organization’s philosophy on information collection, use and management. This is a big job that literally grows every day, given the amount of data in the expanding digital universe.
Data governance is continuing to evolve in its definition as enterprises further understand the potential of data for their organizations. While regulatory compliance and a focus on data protection and risk management traditionally has been at the heart of data governance, the focus of today’s data governance teams has expanded to include improving data quality, raising data literacy and enabling governed data self-service. Learn more about our definition of data governance.