Benefits of data governance

Data Governance Concepts

Courtney Smith

Strategic Initiatives Manager

Data governance benefits

A graphic showing the six benefits of data governance in different colored hexagons with data governance benefits as the middle hexagon

Data Governance Concepts

Having better data

  • Complete - all data requested is there
  • Accurate - correctness
  • Timely - delivered on-time
  • Valid - free of operational errors
  • Consistency - same across sources
  • Integrity - free of technical errors

A diagram showing data quality at the center with validity, accuracy, consistency, completeness, timeliness, and integrity pointing towards the center

Data Governance Concepts

Mitigating risk

  • Increased transparency and visibility
  • Better ability to assess accuracy of data
  • Facilitates regulatory compliance
  • Reduced risk of fines, jail, and other penalties

An image showing the word compliance surrounded by different objects and words such as governance,requirements, and regulations

Data Governance Concepts

Making better decisions

  • Reliable, trusted, high quality data
  • Increased visibility and understanding
  • Improved confidence using analytics and insights to inform decisions

A group of illustrated people looking at charts together

Data Governance Concepts

Streamlining processes

  • Policies and standards
  • Clear roles and responsibilities
  • Increased transparency of data use and handling
  • Identification of duplicate work
  • Reduction in errors and manual adjustments

A man's finger pointing to the top of a graph to indicate increased performance

Data Governance Concepts

Providing better customer service

Data governance helps provide:

  • Increased ability to answer customer questions
  • Better customer service
  • Effective handling of complaints
  • Analytics and insights to improve customer experiences

Hands holding a smiley face surrounded by five stars to indicate a very satisfied customer

Data Governance Concepts

Making more profit

  • Increased quality
  • Increased compliance
  • Improved decision-making
  • Increased efficiency
  • Better reputation
  • Decreased costs
  • Greater profits

Two young boys holding money and screaming with excitement towards each other

Data Governance Concepts

Let's practice!

Data Governance Concepts

Preparing Video For Download...