“Data Governance (DG) is the specification of decision rights and an accountability framework to ensure appropriate behavior in the valuation, creation, storage, use, archiving and deletion of information. It includes the processes, roles and policies, standards and metrics that ensure the effective and efficient use of information in enabling an organization to achieve its goals.”
Data Governance (DG) is an important business discipline that strives to provide more control and insight into the creation, handling, maintenance, storage, use and sharing of essential business information company-wide.
Data Governance is an important element within the Master Data Management (MDM) solution for effective data quality management. Data Governance focuses primarily on people and processes where MDM mainly focuses on technology.
In addition, data governance focuses on the continuous monitoring of business processes that are primarily related to data quality and the promotion thereof. This also means that specific roles are assigned such as a data owner (data stewardship).