10 Benefits of Data Governance You Can't Ignore

Data governance is an essential strategy for effectively managing organizational data, ensuring that decision rights and accountabilities for information-related processes are clearly defined and executed. Implementing an effective data governance system can lead to numerous benefits, including improved data quality, reduced data discovery and project management costs, and easier compliance with regulations such as GDPR and HIPAA. It also enhances data accessibility while maintaining security, promotes a data-driven culture by shifting accountability to individual departments, alleviates strain on data teams, and ensures more efficient audits. Furthermore, data governance protects sensitive information against loss or breaches and provides consistency across key performance indicators, fostering better decision-making and transparency within organizations. With tools such as Sigma, organizations can more easily implement and reap the benefits of a robust data governance strategy in 2023.