Working with quality data, in accordance with data standards and also fit for purpose, as we see in Life Sciences, requires good Data Governance. Next to compliance, data governance leads to major internal business benefits such as better data analytics and increased business efficiency (by not having to reformat or rework data), therefore shorter time to market.
Data governance is control and oversight over your organisation’s data management and datasets, including roles, responsibilities, and processes for ensuring accountability and ownership. A solid data governance framework enables an organisation to manage its data as a strategic asset.
Data Governance has not yet received the attention it deserves in the pharmaceutical industry. This is primarily due to the organic and historical growth of functions and departments. We have noticed that many pharmaceutical companies have either very limited Data Governance or no Data Governance at all. This results in the following:
A well implemented and embedded Data Governance framework will result in proper management of the availability, usability, integrity, quality and security of data within your organisation. Data Governance will also deliver the following benefits for your organisation:
There is no one default method to implement effective Data Governance. Therefore establishing and improving data governance must be tailored to specific situation and needs.