What is your organization doing to protect the value of your data? A strong data governance strategy helps ensure that your data is usable, accessible and protected, guaranteeing trust in the quality and consistency of the data.
But creating a data governance program is not something you can do overnight. It involves establishing methods, processes and roles. It’s also important to find the right technology to help support your program. A modern data platform, such as Snowflake, which eliminates data silos and offer features that enable companies to achieve compliance, is an important asset for any business with lots of data. While it may require a lot of work, the payoff is operating as a truly data-driven business in compliance with tightening data regulations.
Data governance can bring a vast return on investment to your organization. Some benefits include:
- Accelerated management decisions involving multiple systems with centralized accountability, a documented escalation process for issue resolution, and improved information for management decisions
- Reduced duplication of data, numbers of system interfaces and manual data entry processes
- Increased accuracy and consistency of reports and dashboards leading to improved decisions, fewer expensive errors based on poor or inconsistent data, and reduced rework from these errors
- Reduced compliance issues
For more information, watch our on-demand webinar to learn more about data governance and creating a data governance program for your organization, or speak to your Sirius representative. We also offer a Data Governance Workshop that shows you how to stand up a data governance program to manage your data as an organizational asset.