Busting some common myths
The objective of data governance is for an organisation to have greater control over its data assets. Data governance is achieved by planning, monitoring and enforcing stringent policies, standards and procedures. However, exercising authority over large volumes of data can be a complicated process for an organisation and it may require other business departments, such as human resources, processes and technology to get involved, thereby causing misconceptions over data governance.
A few common misconceptions on data governance are discussed below.
PwC’s Data Governance Framework and its scope
The above myths can be clarified by an industry accepted Data Governance framework that applies the data governance core principles across core data governance areas and their interaction with data management components and data lifecycle.
PwC’s Data Governance Framework encompasses the various layers around data for an organisation , including enterprise data architecture, enterprise data management, information lifecycle management and the complete governance layer comprising governance charter, governance core areas, governance measures, governance operations, governance strategy and vision to help clients adapt and comply with the continuously changing regulatory landscape of data. This framework helps an organisation’s transformation into a data driven enterprise and aids building data strategy, optimising the data infrastructure, processes and systems and creates a data governance culture by leveraging latest technologies.
Figure: PwC’s Data Governance Framework
Where to start
Data governance brings both tangible and intangible benefits to an organisation. Therefore, it is recommended that organisations enrol in a data governance programme soon. At PwC, we help our clients to achieve the data governance goal efficiently and seamlessly by bringing in the cultural change on data collection and utilisation , using our subject matter expertise. We help our clients to achieve this vision, first by helping them identify their needs and then guiding them through the processes by:
- defining and strategizing
- assessment and planning
- designing and implementation
- execution and monitoring.
Acknowledgments: This knowledge series has been researched and authored by Saurabh Pramanick and Samiksha Wahi
