Big Data promises to revolutionize business operations in almost every aspect of business. Yet we can’t responsibly talk about data without also talking about data governance: the management of data to ensure integrity, security, usability, and availability.
We’ve come to the point where we need a form of data governance that Forrester Research dubs data governance 2.0. According to Forrester, data governance 2.0 refers to “An agile approach to data governance focused on just enough controls for managing risk, which enables broader and more insightful use of data required by the evolving needs of an expanding business ecosystem.”
In other words, data governance needs to be flexible enough to adapt to the rapidly changing conditions of both business and it’s underlying databases. To further understand the principles behind the data governance 2.0 framework, it’s helpful to review the benefits of data governance.
1. Data governance helps businesses capitalize on the promises of data analytics by cleaning up data.
Big data and data analytics offer lofty promises. In today’s world, data is key for making sound business decisions and the data-driven strategic decisions your business makes are only as good as the data itself. With the explosive growth of data by 1.7 megabytes every second — data quality isn’t ensured. Businesses that implement data governance policies improve data quality while reducing data storage space because they eliminate bad or redundant data.
2. Data governance is essential for meeting growing compliance regulations.
As the volume of data increases, legal and compliance regulations increase as well. Data governance allows businesses to remain compliant, critical for many industries such as healthcare where data must be highly protected. To avoid audits and fines, you need to be 100% certain of your compliance.
3. Data governance works to ensure security for growing databases.
Ensuring data security is a massive undertaking. Even a small mistake, such as failing to install a patch in a timely manner, can result in a costly data breach. Data governance is necessary for DBAs to obtain a full picture of what’s going on throughout the entire database ecosystem.
4. Data governance is necessary for minimizing database failures and downtime.
Database failure is also a major risk for businesses that fail to exercise proper data governance. Databases can break—and they will if not governed. This can have disastrous business consequences. Data governance has the added benefit of assisting DBAs during the restoration process, allowing your business to get up and running again more quickly.
In the era of Big Data, quality data governance isn’t optional. If you’re not sure where to begin, contact Ntirety and ask about our database assessment services. We’ve developed processes to audit your databases for potential problems, and can help you create a roadmap for recovery with our Database Governance Services. Our processes can help you to lower the risk of database breach or failure, standardize your database architecture, and ensure legal compliance.