Data Governance Framework

If you know how important it is to address your business’s data governance needs, your very next step should be to design a well-thought-out, strategic data governance framework. That will ensure that your business’ data management protocols will assist each of your business departments access the information which they require to make wise, quick decisions in an efficient manner.

What is a data governance framework and how can it affect your business?

Your first question may be a simple one. What is a data governance framework? Simply put it’s a detailed plan, which stipulates how your business’ data will be used and stored throughout its lifetime. From the moment that it’s first acquired to the end of its life. As it should be 100% clear how each type of data is obtained, how it travels through your business’ framework, and how it is disposed of or stored at the end of its life span.

How to get started in order to update your data governance framework:

If you’re curious about how to get started, you can’t go wrong by creating clear, defining goals, and setting exact parameters for your data governance protocols. For example, your goals should ensure that your business can make confident, well-informed business decisions based on the data that your business has acquired during the span of your business. As well as in the last 24 hours, week and month. As data from the past as well as current, up-to-date data can prove invaluable for your business. No matter whether your business is a small business, a medium-sized business, or a large international business.

Ask the head manager of each of your departments for the information which they require:

It’s well worth asking the head manager of each of your business’ departments for the critical pieces of information that they’d like to have access to in order to run their respective departments as efficiently as possible. Especially if your managers are often required to make quick, critical decisions that can affect the future growth of your business. Once you know the information each manager requires access to, you’ll be able to select data storage solutions that will provide each manager with the key information which they have asked for.

Make sure that data is assigned to a department or a manager:

One way to ensure that your data is securely held is to ensure that each type of data is assigned to a specific department or manager. As there should not be any data which has no ownership and may not be protected accurately or kept in a storage solution that is not maintained properly and has potential data or security leaks that you should avoid.

In conclusion, if you are interested in taking responsibility for your business’ data and want to transform your business for the better, it’s a great idea to analyze your business’ data governance framework in depth. Especially if it’s been a long time since you’ve taken a serious critical look at your data governance framework. Which should be assessed at least on an annual basis.