Challenges arising from lack of a Data Governance solution
Without proper Data Governance, there is a higher chance of inaccurate or incomplete data that is negatively impacting decision-making, leading to poor business outcomes.
Without proper Data Governance, it is difficult to identify patterns, trends, and insights that can inform business strategy and decision-making.
Siloed data can lead to inconsistencies and confusion across departments and functions, duplicated efforts and can hinder effective collaboration.
Data Governance helps streamline processes and optimize workflows by capitalizing on previously uncapitalized potential in in efficient processes.
Failure to comply with data protection and privacy regulations can and does result in hefty fines, legal consequences and reputational damage.
Lack of Trust
If data is not governed properly, stakeholders may lose trust in the data and the decision-making process thereafter, reducing overall satisfaction.
The product - Data360 Govern
Precisely's Data360 Govern is an enterprise data governance, catalog, and metadata management solution that gives you confidence in the quality, value, and trustworthiness of your data by establishing a robust data governance framework . It automates governance and stewardship tasks, helping you answer essential questions about your data’s source, use, meaning, ownership and quality.
The main benefits of Data360 Govern are:
Accurate and Complete Data for reliable insights, improved decision-making, and better business outcomes.
Integrated Data and data collaboration in your company, allowing for a unified and consistent view of information across departments and functions.
Data360 govern ensures compliance with data protection and privacy regulations. By establishing robust data governance practices, you can mitigate the risk of fines and legal consequences, providing peace of mind and confidence in your compliance efforts.
Data360 Govern enables you to identify meaningful patterns, trends, and insights. These valuable insights inform your business strategy, allowing you to make data-driven decisions that drive growth and competitive advantage.
Implementing Data360 Govern streamlines processes and optimizes workflows by eliminating redundant or inefficient practices.
With a well-defined data governance framework made possible by Data360 Govern, stakeholders can trust the data and have confidence in the decision-making process.
Key Data 360 Govern features
With Data360 Govern, you can make faster decisions on data usage and management, facilitate collaboration across your entire organization through a comprehensive data governance framework and allow users to get the answers they need – when they need them.
Record policies and standards and document their relationship to data.
Provide ownership of data assets via roles and responsibilities.
Harvest metadata and allow business and technical metadata to be searchable.
Metrics & Scoring
Aggregate data quality and present data governance scores by asset.
Understand your data with definitions and context and crowdsource updates.
Customize your operating model for reporting issues, questions or approvals.