Data Governance combines strategic planning, and an operational model with effective tools and technology to ensure formal management of data assets within an organization. Data Governance is a necessary practice to allow the business to take control of performance management, and shorten the time between outcomes and decisive action.
When properly implemented, Data Governance should end debates, eliminate wasted efforts that result in no decisions, and focus the organization on turning information into actions.
This is the charter that establishes data governance as an official function within the organization and defines its scope and goals.
Defines what roles are required in the process, which parts of the organization fulfill those roles, defines their key responsibilities, and establishes accountability throughout the organization.
Establish a formal process for setting, communicating, and executing on the priorities, standards, definitions, and practices for data assets within the organization.
Identifies all of the key reference data that are used to insure data quality and consistency within reporting, establishes a formal data steward responsible for each reference asset, and coordinates and defines normal maintenance of that asset in alignment with key reporting requirements.
This will be the primary communication tool within the organization for defining data product requirements and clarifying components of development. The data dictionary will include the ownership of the metric, business definition, the data sources necessary to its calculation, the business logic needed to calculate it, its preferred (or required) format in reporting.
All of your Master Data will be stored and managed in one place with a secure, auditable tool that is simple to learn and administer.
(e.g., Axon, Collibra, IDERA) into your organization's data governance process)