Research suggests 2.5 Quintilian bytes of data gets produced every day. The rapid proliferation of data has made it extremely difficult for enterprises to efficiently manage and find the right information when needed. Due to the generation of such large data volumes, enterprises end up wasting a lot of time and effort on finding and accessing data from ‘data swamps’. Lack of a common business vocabulary, complex methods to assess provenance, quality, and trustworthiness, difficulty in understanding ‘dark data’ and numerous regulations to abide by have further turned data accessibility into a severely tangled knot.
With modern enterprises increasingly relying on big data and analytics for decision making, implementing an effective data governance process has evolved as a top priority. An effective data governance program can help companies successfully capitalize on data and use it to drive tangible business outcomes. The need of the hour is to thus deploy a robust data governance framework that aligns with the future business objective and business models of the company.
The guidebook will explain the importance of data governance for enterprises, ways to achieve simpler and consolidated access to data assets, and how this can be facilitated by data catalogs.