Why Is Data Governance Important? 3 Major Benefits

why is data governance important

The word “governance” sounds scary. It evokes excessive formality, slow decisions, and top-down directives. And while bad governance is all those things (and more), good governance is a differentiator. All organizations today collect, generate, and process lots of data. Data governance is the union of people, processes, policies, and technology to oversee data for a company.

Sometimes, you practice data governance because you’re subject to some standard or regulation that mandates certain parts of it. In this case, data governance is a minimum necessity to meet the standard and no more. While staying clear of legal or regulatory trouble is definitely smart business, I’m going to show you the broader benefits of data governance for your company. In this post, we’ll explore the three major benefits for your firm through improved data governance:

  • Lower technology and compliance risk
  • Smoother technology implementations
  • Higher return on investment through standardization

Let’s start by reviewing the fundamentals of data governance.

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What Does Data Compliance Mean in the Workplace?

what does data compliance mean in the workplace

Your company’s data is valuable. That’s true both for data your company generates and data your customers generate. Within your company, it’s critical to make sure that data is accessible and easily utilized. When critical members of your organization have access to powerful data, they’re able to not only work hard but also smarter, as well. The decisions that they make are better-informed. This is good news for your customers, your employees, and your shareholders.

I’ll say it again: your company’s data is valuable. Outside of your company, it’s critical to make sure that data is inaccessible. When malicious people outside your organization have access to powerful data, they’re able to cause great harm. Thieves steal that data, package it, and sell it to the highest bidder. That data, which was so powerful in the hands of the right people, is damaging in the hands of the wrong ones.

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What Is Mobile Data Security? An Essential Primer

What Is Mobile Data Security? An Essential Primer

With advancements in technology and mobile devices, people can now accomplish various tasks while on the go. Regardless of their location, people stay connected via the internet. Even employees now use their mobile devices to work remotely. But this high usage of mobile data is catching the attention of hackers who are trying to swoop in and steal information.

As a result, it raises security concerns for both firms and individual users of mobile data. Since you can take mobile devices anywhere, it increases the chance of unwanted elements accessing the devices. This makes the security of mobile data challenging. In this post, we’re going to understand what mobile data security is. Then, we’ll move on to why it’s important to protect mobile data. And of course, we’ll look at some tips to enhance mobile data security. So, let’s dive in.

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