In today’s digital age, the abundance and importance of data necessitate that companies should treat data management with the same care they invest in their employees. Developing a tailored Data Governance strategy is essential for making strategic business decisions based on reliable data.
Data Governance is a continual business practice, not a one-time project, linking data to company goals. To define a personalized strategy, four key factors must be considered: Ambition, Business Needs, Level of Data Technology, and Data Quality.
At Deloitte, a new Data Governance strategy is designed through three phases:
By centering your strategy around these factors and employing appropriate tools and processes, your company can unlock the vast potential of data and the opportunities it offers.
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