Data governance strategy

Abstract

This paper articulates data governance as one of the key issue in building Enterprise Data Warehouse. The key goals of this document are to: define the strategy for Data Governance processes and procedures; define the scope of and identify major components of the data governance processes; adhere to enterprise Data Management standards, principles and guidelines; and articulate a vision for building, managing and safeguarding enterprise data foundation. The client-centric focus of business organizations coupled with aggressive attention to the bottom line propelled initiatives such as Data Governance to the top of the list of IT and business executives. The recent financial crisis which spawned the worldwide economic meltdown has been to a great extent blamed on non-trustworthy and non-transparent data. It is becoming progressively and patently evident that data MUST be managed like other assets such as financial and human resources. It has to have defined and mandated set of controls where compliance can be objectively measured and reported.