Data Governance is a strategic approach to managing and utilizing an organization's information assets, ensuring that data is accurate, available, and secure across the enterprise. It involves setting internal standards and procedures for data handling that comply with legal and regulatory requirements, facilitating better management decisions and operational efficiency. This framework not only enhances the reliability and integrity of data but also supports advanced data analytics, ensuring that stakeholders can trust and effectively leverage data for sustained business growth.
Organizations that implement robust data governance frameworks can experience up to a 40% increase in revenue due to improved data quality, regulatory compliance, and decision-making effectiveness.