Continuing the discussion from the last post, let’s understand the relationship between Data management, governance and stewardship.
You have just built a world class analytics platform that will cater to the data needs of your analysts and business managers so that they can slice and dice it and bring you insights that will improve operational efficiency and give you a cutting edge over your competitors. But what happens when after spending millions of dollars your business managers are not confident about the data they are using? Can your organization rely on the decisions they make? How do you ensure that the system maintains the same level of quality with which you built the system and it is not deteriorating over time? How do you ensure that your data and its handling is compliant and in agreement with various internal and external regulations?
If you are asking these questions you are probably questioning the quality of your data or information. Some people argue that data and information are two separate entities with data representing the ‘numbers’ and information providing the ‘context around those numbers’. Since both are incomplete without each other, for the purpose of this blog we will treat them as the same.
You have just built a world class analytics platform that will cater to the data needs of your analysts and business managers so that they can slice and dice it and bring you insights that will improve operational efficiency and give you a cutting edge over your competitors. But what happens when after spending millions of dollars your business managers are not confident about the data they are using? Can your organization rely on the decisions they make? How do you ensure that the system maintains the same level of quality with which you built the system and it is not deteriorating over time? How do you ensure that your data and its handling is compliant and in agreement with various internal and external regulations?
If you are asking these questions you are probably questioning the quality of your data or information. Some people argue that data and information are two separate entities with data representing the ‘numbers’ and information providing the ‘context around those numbers’. Since both are incomplete without each other, for the purpose of this blog we will treat them as the same.
