On 13 August 2020, CIMdata’s Data Governance Consulting Practice sponsored an Educational Webinar, Data Governance in the Era of Digital Transformation. The webinar contained lots of helpful guidance on the topic. Here are the high points!
Digital transformation initiatives often succeed or fail based on the accuracy and availability of data. As a result, Data Governance is becoming recognized by most company executives as it should be. Many of these digital initiatives attempt to force a “data culture,” trying very hard to remove the silos of data, tribal knowledge, and data quality issues. Unfortunately, many organizations focus on low-hanging fruit instead of organizing a sustainable data governance structure and overall strategy. In this digital era, it is astounding that so many organizations have yet to manage their data in a way that treats them as a critical business asset, which is the backbone of digital transformation. Data governance continues to fall short of true ROI as organizations continue to believe it is a project, not a process that must be thought through and continually supported to ensure it is sustainable. Investing in people, processes, and organizational elements has to be championed by executives to start data governance in a strong position for long-term success.
At the time of the webinar, I commented, “As digital transformation spreads throughout the business, the need for effective Data Governance is gaining importance, benefiting every task and process where reliable data is indispensable. Today, digital transformation is one of the main drivers of the need for Data Governance. Still, many other changes are sweeping through today’s successful enterprises, including fundamental shifts in how products are planned, developed, marketed, and serviced.”
The webinar covered these major points:
- The What and Why of Data Governance?
- Data Governance – Primary Focus, business drivers, Goals & Principles
- Data Governance –Approach, structure & operating model
- Best Practices for Data Governance Plan
- An introduction to CIMdata’s data governance methodology
Those unable to join the webinar or would like to review it again can watch it here.
If you have questions or comments, please let me know!
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