Written by Devyaani
Digital Marketing, Content Writer at Royal Cyber
Data is becoming an important and valuable business asset. Today’s organizations are using data in nearly every stage and department of their business, but many are yet to benefit from its full potential. For organizations to be truly data-driven, they need to comfortably and quickly identify, understand, and have confidence in their data, data assets, and data catalog for greater business insight and analytics to have this capability via any system across the enterprise.
Data governance helps us find the data. Nearly every businessperson has run into the issue of not finding the right data, data assets, and data catalog. Even if they do find the data or a business glossary, it’s often not the right data. It frustrates the professional because they need the right data glossary to do their job. Data governance helps business users find the right data they need to do their jobs along with other roles and responsibilities.
Data governance helps us understand the data. It is crucial not only to find the data but to understand it. Enterprise data could mean differently to different parts of the business. So, without data governance, those meanings live in the heads of many people across the organization. Figuring out which person has the right organization’s data we need is nearly impossible, especially in large, complex companies. On the other hand, data governance enables us to understand what the data means from its definition to its origin, to who can access it and who cannot access it.
Data governance helps us trust data management. When we are confident that the data is right, that’s when great things happen. This confidence empowers everyone to use data to spark innovation, gain a competitive edge, and drive operational efficiencies. In other words, business transforms to become truly data-driven.
Data is becoming an important and valuable business asset to business users. Today’s organizations are using data, data assets, and data catalog in nearly every stage and department of their business, but many have still to benefit from its full potential. For organizations to be truly data-driven, they need to comfortably and quickly identify, understand, and have confidence in their data management for greater business insight and analytics, and have this capability via any system across the enterprise.
Collibra data governance framework improves our ability to manage, access, use high-quality data and reference data while allowing us to continue to create and maintain that quality over time.Collibra data governance functionality delivers the following benefits:
Strong “data taxonomy”
Big data analytics enablement
Deeper data understanding and linkages
Support of regulatory efforts
Faster resolution of data-related issues and critical data
Better data-driven catalogs & data dictionary
The critical need for information governance compliance drives the growth in the market for information stewardship solutions to support this effort.For the third consecutive year, Collibra got recognized at the Gartner Market Guide for Information Stewardship Applications.
General Data Protection Regulation (GDPR) is a directive in EU law on data protection and privacy for all companies within the EU. It proposed to provide regulations to businesses and business glossary for safeguarding customer data and give extra protection to consumers when it comes to recognizing information. The export of personal data outside the European Union gets addressed. The GDPR predominantly aims to authorize citizens and residents over their data.
As mentioned above, Collibra supports regulatory efforts. Collibra data governance is business-focused and facilitates easy adoption and collaboration. It offers a consolidated inventory of personal data and improves data items across the business and technical data landscape. When mapping out our data processes in Collibra, we can include the capturing of Privacy Notices, when they are sent, to what categories of customers, and any relevant consent applicable. Collibra gives us the capability to track enforcement and compliance across the organization, document and link business rules to policies and data quality rules, hold evidence of local compliance, and provide an audit trail. It also gives us access to full visibility across the platform for a better governance program.
We have an experienced Collibra data governance experts team to help you manage data quality and improve governance.
For further details, please visit: Data Governance Services