Data and AI Risks
14. 07. 2021
Data Governance is a continuous program that ensures data is recognized and treated as a valuable asset and that it serves users' needs and delivers valuable insights.
Having managed, accessible, actionable, and integrated data is a crucial factor, which enables effective decision-making, increased productivity, and security. Data Governance provides you with a source of truth that resonates across the entire business.
With Adastra's Gartner recognized data governance capabilities, we enable you to establish a vision for your data that supports your business strategy and objectives. Our highly qualified experts will design a data governance framework with each business unit in mind so that they work together to build the confidence and credibility of your data. Book a free consultation today!
Ensure a common language when it comes to data in your organization, enabling effective shareability and usability.
Ensure your data that is complete, valid, accurate, consistent, and provided in a timely manner. Understand both its origins and its alterations.
Ensure your data that is rationalized across multiple systems, has been matched, linked, and merged to provide a single source of truth.
Attain self-service capabilities and derive better business decisions from a more accurate, consolidated, governed, and trusted set of information.
System of Individual Accountability
To build a system of individual accountability for the data used, the organization structure, as well as roles and responsibilities, are defined. Then, a data stewardship process must be put into place so that the input, maintenance, and transfer of data is tracked and transparent. This will ensure that you can trust your data, and it is at a standard that it can be used effectively for analytics purposes.
The innovative tools and emerging technologies, which promise accurate predictions and ways to significantly increase productivity, utilize and generate vast quantities of data. With a tailored governance program in place, you will understand the landscape of your business, including the architecture, systems, resources, and culture, so that you can reap the full benefits of the new technologies you have implemented. Data governance is a foundational element of your Digital Transformation.
Impose controls on your data to improve risk management processes and to ensure you fulfill all regulatory requirements. With these controls in place, you will avoid data inaccuracies from being entered into your systems and ensure the data is used correctly, preventing unnecessary losses or penalties.
Eliminate the issues that come from the misinterpretation of data. If data definitions are unclear, inconsistent, or missing, business units cannot communicate effectively. With a shared understanding of the data as well as defined and agreed upon definitions, business units can trust the data, integrated in various systems, and be assured that the effectiveness of BI and analytics solutions.
BI & Analytics Foundation
Many organizations experience significant cost inefficiencies in report preparation and reconciliation due to the lack of effective governance systems in place. With schema management, accessible and complete data, and unwavering data integrity, you will reduce the amount of time it takes to prepare data so that your data scientists can focus on intelligent insights and effective BI.
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