Skip to main content
HomeThe WWS Daily

- News, tips, inspiration you can trust to thrive in today’s digital age.

Search form

Main menu

  • Home
  • News & Features
  • Business & Economy
  • Tech & Trends
  • Health & Style
  • Arts & Culture
  • Contact Us

Why Data Governance Has Become So Important for Businesses

Suzanne Elly January 19, 2023

Proper data governance is important for all types of business that want to better manage the data they are generating and keep up with the times.

Featured Image – Why Data Governance Has Become So Important

The most critical asset of any business is the individuals who work there; the second most critical asset is data. 

The role of data governance is ensuring vital data is accessible and usable.

 

Value of Data Governance in Business

 

Data governance treats data as a tool that helps identify trends in customer behavior and cost saving-activities. Better data analysis, operational support, and business decision-making result from using data governance properly. 

Data governance can also help to alleviate those things that can lead to several business problems, such as errors or inconsistencies in data. A wrong decision that could easily be avoided is often based on flawed data. 

Regulatory compliance also relies on data governance as it assists companies in complying fully with appropriate regulatory requirements. This is critical for a company that wants to avoid the hefty fines levied for noncompliance. 

When data governance is done well, it effectively results in a reduction in data costs, an increase in access to good data and, of course, an improvement in the quality of the data that is available. 

A company like Agile Recruit can help you to make the most of your data governance by developing a robust data governance strategy and getting experts to help you implement it.

 

Implementing a Robust Strategy for Data Governance 

 

When it comes to data governance, there is no one-size-fits-all solution. However, as far as strategies for data governance are concerned, there are at least three key objectives to consider:

 

  • Compliance with all regulatory requirements – This should always be kept in mind during the development and implementation stages. 
  • Ensuring that all data is used correctly – will help prevent misuse and errors in sensitive/personal data. 
  • Improvement of data security – it is essential that with data governance, you ensure that all data you hold is secure and that no unauthorized access is made. 

When creating a governance strategy for your business, you should not only remember these three strategies, but also think about why your company wants a data governance strategy in the first place.  

The most important point you should understand when implementing a data governance strategy for your business is that it will help guide strategies within your company.

Telling your stakeholders that you need a strategy is not enough; you also need to be able to explain just how important it is. If you want to improve your change management programme, for example, everyone must understand how vital data governance is.

 

Reasons to Adopt a Strategy of Data Governance 

 

There are several reasons why a company may decide to implement a data governance strategy: 

  • Compliance with regulatory requirements – organizations with data governance strategies are more likely to have measures to control their data and ensure regulations are being met. 
  • Breaking down people silos and data – can help to share insights and also reduce data silos as well as improve collaboration and support with improved decision-making. 
  • Making the foundation for a data-driven organization – data-savvy companies are more likely to succeed and grow than those with a data silo. 
  • Improvement of the quality of data – a data governance policy that is company-wide permits all users to monitor, measure and improve the dimensions of data quality that are relevant to them. 

 

In Conclusion

 

As digitization and digitalization continues to happen in the world, and businesses change all the time, more data is being generated, making data governance increasingly important.

It is vital for businesses of all types to implement proper data governance to better manage all the data they are generating, compete effectively, and keep up with the times.


Suzanne Elly is a blogger, content writer, and editor with vast experience in a diverse range of industries. Her work has been published in various blogs, websites, and magazines on the web. She has in-depth experience writing on business and marketing topics. Follow her on Twitter @Suzanneelly.


 

 

SUBSCRIBE TO OUR NEWSLETTER  newsletter icon.png

Get our best content, news, tips, and inspiration in your inbox - free.

No spam. Just great stories. Promise!
 

 

Join Over 20,000 Subscribers!

Get our best content, tips, and inspiration free in your inbox. Subscribe ››

Connect with us:  twitter.gif linkedin-gray.jpg email.gif RSS feed

 

 

 

 

 

Most read this week


4 Ways to Convert Your Writing Habit into a Successful Business
4 Ways to Convert Your Writing Habit into a Successful Business
Mary Kleim

message-inbox-email-automation
5 Types of Email Marketing Automation Tools to Save You Time and Money
Helen Holovach

The Benefits of Singing & Fun Accessories for Karaoke Enthusiasts
Lydia Lee

Top Mobile App Security Vulnerabilities - How to Mitigate Them
Top Mobile App Security Vulnerabilities (& How to Mitigate Them)
Aaron Cure

 

Got a story or tip for us?

 

Tips_0_0_0.png

Here's how to submit it →

 

 

 

 
 

EXPLORE MORE ...

black-nav-bar1.png

News & Features  ›


Investors Should Prepare for the Growing COVID Aftershocks, CEO Warns

Investors Should Prepare for the Growing COVID Aftershocks, CEO Warns

Americans Are the MOST Skeptical About 5G in the World, Study Finds

Americans Are the MOST Skeptical About 5G in the World, Study Finds

The Most Discussed Scams Online: Cryptocurrency Scams Get Over 21 Billion Views on TikTok

Most Discussed Scams Online: Crypto Scams Get Over 21 Billion Views


Understand and Plan Your Digital Afterlife

The Most Annoying Video Call Habits at Work - Are You Guilty?

The Digital Playground: Creating Safe and Engaging Online Spaces for Kids

hor-line-blue

Tech & Trends  ›


employees-in-the-workplace-technology

5 Key Benefits of Technology in the Workplace

5 DevOps Trends to Watch Out For This Year

5 DevOps Trends to Watch Out For This Year

app-dev-team-working-application-modernization-support-digital-transformation

How Application Modernization Supports Digital Transformation


Should You Have a Dedicated Outsourced Development Team?

Tech Troubles? 4 Business Strategies To Avoid Tech Disasters

Understanding the Limitations of Antivirus Software
 

hor_line_yellow

Arts & Culture  ›


female-sitted-reading-novel-enjoyable-experience

Best Classic Dystopian Novels That'll Rekindle Your Love of Reading

Skills That Make Successful Scriptwriters

7 Key Skills That Make Successful Scriptwriters

booktok_table_viral_books

Top 15 Viral #BookTok Books in 2023


What Your Handwriting Says About You

12 Reasons Reading Widely Is So Important for Writers

How Reading More Inspires Better Writing

hor-line-brown

Business & Economy  ›


Most Productive Colors to Paint Your Home Working Space

The Most Productive Colors to Paint Your Home Working Space

window-words-whats-your-story-brand-storytelling

The Power of Storytelling: 3 Ways It Can Help Your Brand Flourish

How Award-Winning Creatives Produce Nobel-Prize Type of Work

How Award-Winning Creatives Produce Nobel-Prize Type of Work


10 Lame Excuses You Probably Use to Procrastinate

10 Ways Resourceful People Build Resilience & Turn Failure to Success

How to Buy a House or Property With Bad Credit

hor-line-green

Health & Style  ›


Guide for Improving Men's Health & Wellbeing Add to Default shortcuts

Guide for Improving Men's Health & Wellbeing

Could Workplace Stress Be Affecting Your Life and Career?

Could Workplace Stress Be Affecting Your Life and Career?

senior-elderly-woman-photo

The Best Activities for Seniors with Dementia

hori-3.jpg

The Truth Behind 5 Common Food Label Claims

hori-3.jpg

Why It's Okay to Daydream As a Creative Person

hori-3.jpg

Can Mindfulness Help to Stop Substance Abuse and Addiction?
 

Home | About Us | Contributors | Submissions | Advertise | Disclosure | Privacy Policy | Contact Us

Follow Us:

twitter_e.jpg linkedin-pg.jpg email-updates_icon.jpg

Committed to quality content and journalistic ethics.

RSS rss

Search WWS search-icon-trans_0_1.png

© 2025 The WWS Daily.