DEFINITION
A set of policies, processes, standards and accountability for managing data. Data governance ensures that data within an organization is accurate, consistent, secure and managed by the right people. Ensures data is collected, stored, classified, shared and managed properly within the organization. This helps organizations to take ownership of their data and have confidence knowing their information is being used correctly for analytics, AI etc.
Importance
- Quality Data – Ensures data is accurate, consistent and reliable
- Security – Defines who has access to what data
- Compliance – Ensures we are compliant with any privacy/data requirements
- AI Readiness – Ensures data used by AI is reliable and well managed.
- Ownership – Ensures ownership of data assets.
Use Cases
- Securing sensitive customer/employee data.
- Defining access to data across departments within the enterprise.
- Includes complete control over providing access to data sets used in proper training of AI models.
- Keeping data lineage, categorization and audit logs.
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