Data Governance Consulting

Data Governance refers to the capacity of the organisation to manage all its data flows to make the most of its potential and generate business value. It involves the entire organisation, including the people, technologies and processes that compile, manage and monitor data. It is key, therefore, to the development of a data driven philosophy, and involves working on the compilation, treatment, use and security of data to ensure they are of the highest quality.

The number of business decisions taken on the basis of data is growing exponentially today, as the volume of data increases daily. Data is every organisation’s most valuable raw material, and it must be kept in order. The principles of Data Governance must be applied in order to exploit all the potential of the data to generate value, minimise risks and improve processes, which requires planning, a governance structure and supervision.

A Data Governance framework is essential to guarantee that your data is of sufficient quality to achieve your organisational goals. The key benefits include: 

• Increasing the value of data: Data Governance improves the quality of data and the information produced is, therefore, better.
• Organisation-wide information: information and the data it is based on refers to the whole company and can be used by the entire organisation. It is no longer departmentalised, but global.
• Better operational coordination: interdepartmental work is improved through working on the same structure, using the same procedures and rules of the game.
• Improved efficiency: making the company more efficient by ensuring it has access to high value-added data and a system based on capturing, handling and monitoring it.
• Greater transparency: Data Governance involves the entire company and also reveals everything about it in the form of data. 
• Better security: data and its use are fully controlled, with a record of when data is entered, consulted and used, and for what purpose.
• Minimisation of risk: ensuring that data is of the highest quality and the business is better monitored reduces risk, with alerts that are tailored to the needs of the organisation and which are triggered earlier.
• Simplified decision-making: information based on top quality data, which are constantly processed and curated to generate value, facilitates more accurate decision-making and reduces the time spent analysing decisions.