It’s phenomenal to consider how much change we are all currently experiencing. On so many levels, our country and others across the globe are dealing not only with the coronavirus pandemic, but new financial and technological pressures to rebuild our economies and our communities in foundational ways. Critical to any society are all types of organizations and enterprises that power the economy (banks, government, manufacturers, schools, energy, etc.). All are facing the pressure to re-engineer their systems, tools, and processes to provide better data which is fundamental to improving insights and driving well-grounded business decisions.
Data governance may seem an afterthought—or at least not the highest priority—right now. But in so many ways, the time has never been better to address issues that have hounded all types of organizations for a very long time. And the common denominator is data.
Let’s begin with some aspirational ‘what if’s’:
Key to many of these scenarios is building better data management capabilities:
However, simply installing new and better tools for data management won’t necessarily fulfill the needs of your key end-users.In designing data governance, you will be designing the infrastructure that ties these capabilities back to the original business goals.How can we design effective, global epidemiological approaches to manage this pandemic? How can we better protect individuals who are at high risk? How can we design additional products to help our clients and customers get through this crisis?
If organizations are under such stress right now, how could this possibly be the right time to tackle data governance? Many organizations are in highly reactive mode, seeing their supply chains dry up, their sales models upended, and their budgets drastically reduced.
On the contrary!
By empowering business and IT data stewards with the authority and the forum for collaboration through a data governance council, it will facilitate communications across business departments and data silos.How can you afford NOT to promote your data governance resources?
We are indeed facing tremendous pressure to become more responsive to changing markets and become more agile within our own organizations.But this means addressing fundamental weaknesses that have persisted for a long time, either as a result of immature tools or organizational culture.We can’t continue to keep trying to fix the same problems repeatedly (and ultimately unsuccessfully) in the same ways.
The best way to get going with data governance is to start with a small but relevant project to demonstrate business success. Show some measurable accomplishments and link these to business metrics. The Informatica Data Governance Framework may be a helpful model to start setting targets for new capabilities and business-focused metrics that monitor value.
Key to your success is to design your program with the end in mind, and scale it by replicating your successes, refining your processes or organization as you broaden the scope in terms of data and business domains.Data Governance and Privacy is one of Informatica’s 3 key development journeys for this very reason.It is one of our top priorities because it also needs to be one of yours.Instead of merely reacting to the next crisis, make the investments now (in training, technology, organizational structure, and communications),so that you have the knowledge and the resources to keep your organization healthy and strong well into the future.
You canlearn more about how Informatica Advisory Services can help you on this journeyhere.