Data Governance, everyone is familiar with the term, but what is it exactly? Data Governance is the process of managing data within an organisation to ensure data quality, reliability and security. Why is Data Governance important for your organisation?
1. Laws and regulations:
The increasing pressure to comply with laws and regulations, such as the GDPR and other privacy laws. This means that companies are required to protect and manage their data in accordance with legislation.
2. One single source of truth:
Implementing Data Governance helps reduce risks and minimise errors in the use of data.
3. Improved data quality
Organisations will improve the quality of their data. This leads to better decisions and a reduced risk of errors.
4. Improved collaboration
Data Governance can help improve the communication and collaboration between different departments within an organisation. This allows teams to work better together and organisations to respond better to change.
Data Governance helps with a migration by ensuring that the data being moved from one system to another are consistent, accurate and up-to-date. This ensures a smooth transition to the new system. To facilitate Data Governance, different tools can be used. The 2 tools that we use at Bmatix are currently Microsoft Purview and Collibra.
Microsoft Purview is a cloud-based data discovery and management solution. It provides capabilities for data discovery, data lineage and data classification, and supports different data sources, such as on-premises, cloud and hybrid.
Collibra is an enterprise-level platform that is designed to find, manage and understand data. It provides scope for transparent data lineage, data quality and privacy, and helps improve data consistency and accuracy.
A few days ago, Collibra announced a new partnership between SAP and Collibra, by integrating Collibra’s data intelligence platform with SAP’s data management tools. The partnership provides organisations with a comprehensive solution for managing their assets. It allows organisations to manage their data from different sources, including SAP applications, in a single platform. This results in a unified view of assets, allowing organisations to make faster and, more importantly, correct decisions.
Both tools are designed to help organisations manage their data and make effective business decisions based on reliable and consistent data. This often leads to improved trust of customers and partners!
Would you like to learn more about the benefits of Data Governance? Contact Charlotte Pavic today to find out how we can help you streamline your data, improve quality and minimise risk.