Challenges arising from lack of Data Governance and Data Catalog solution
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Inaccurate or Incomplete Data: 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.
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Data Silos: Siloed data can lead to inconsistencies and confusion across departments and business functions. It can also lead to duplicated efforts, wasted resources and hinder effective collaboration.
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Compliance Issues: Failure to comply with data protection and privacy regulations often result in hefty fines and legal consequences.
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Limited Insights: Without proper Data Governance, it is difficult to identify patterns, trends, and insights that can inform business strategy and decision-making.
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Reduced Efficiency: Data Governance helps streamline processes and optimize workflows, increasing efficiency and reducing costs.
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Lack of Trust: If data is not governed properly, stakeholders may lose trust in the data and, as a result, the decision-making process.
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. 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:
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Accurate and Complete Data for reliable insights, improved decision-making, and better business outcomes.
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Integrated Data and data collaboration in your company, allowing for a unified and consistent view of information across departments and functions.
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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.
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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
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Implementing Data360 Govern streamlines processes and optimizes workflows by eliminating redundant or inefficient practices.
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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 Data360 Govern Capabilities
With Data360 Govern, you can make faster decisions on data usage and management, build collaboration across your entire organization and allow users to get the answers they need – when they need them.
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Data Policy Documentation — Record policies and standards and document their relationship to data.
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Data Catalog — Harvest metadata and allow business and technical metadata to be searchable.
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Business Glossary — Understand your data with definitions and context and crowdsource updates.
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Data Stewardship — Provide ownership and accountability of data assets via roles and responsibilities.
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Metrics & Scoring — Aggregate data quality and present data governance scores by asset.
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Workflow — Customize your operating model for reporting issues, questions or approvals.
Let's get into more detail about Data360 Govern. Contact us through the portal below!