In the technologically advanced world of today, businesses are creating and handling previously unheard-of amounts of data. However, tremendous data comes with a lot of responsibilities. Businesses require data governance in addition to analytics and storage in order to transform raw data into useful intelligence.
The framework that guarantees your data is correct, safe, compliant, and in line with business objectives is known as data governance. Without it, businesses run the danger of missing out on opportunities, suffering financial losses, and breaking the law. It can assist companies in gaining trust, changing, and becoming more open.
By balancing technology, people, and processes, PiLog Group’s AI-powered Data Governance solutions help businesses optimize the value of their corporate data.
Data Governance: What Is It?
In essence, data governance is the process of handling data as a strategic resource. It outlines the procedures for collecting, standardizing, storing, accessing, and using data throughout the entire company. Governance creates the roles, rules, and accountability necessary to guarantee that data is reliable and prepared for commercial use, in contrast to data management, which concentrates on information processing.
A robust data governance structure aids in:
Verify the integrity, accuracy, and consistency of the data.
Make sure that industry-specific laws, such HIPAA and GDPR, are adhered to.
Enhance decision-making by offering high-quality, reliable facts.
To facilitate digital transformation, make use of standardized, trustworthy data.
Data Governance: Using PiLog to Increase Business Value, Compliance, and Trust