A Guide to Common Data Governance Tools

If you’re looking for a clear definition of data governance, the increasingly used term describes a pre-planned set of principles and actions that will help your business better manage one of its greatest assets, its data. One of the best ways to manage your business’ data governance is to select highly trusted data governance tools, to make your job a little easier. Some of the data governance tools that are well worth learning about include data management platforms, data stewards, and data custodians. All of which you can learn about, by continuing to read the information which is listed below.

A guide to common data governance tools:

Data management platforms:

One of the most crucial decisions that you’ll need to make is which data management platforms to use in order to store key groups of data. For example, it’s important to choose a data management platform that you can use to store your business’ transaction data and customer information. You may find that specific platforms will work better for the storage of different types of information or you may prefer to limit the number of data management platforms that you use in order to ensure efficiency. As it may be hard for your employees to find specific pieces of information if they are spread out across a large number of data management platforms.

Data stewards:

Regardless of which platforms which you choose, the individuals which you pay to manage your data across different platforms are referred to in business as data stewards. Your data stewards will ensure that the data management policies that you have drawn up are adhered to on a daily basis. If you want to ensure that all of your data management practices are followed properly, it’s crucial to hire professional data stewards who are meticulous when it comes to their jobs. In order to protect your business’s financial interests.

Data custodians:

Another set of individuals who you’ll need to rely on are your data custodians. These individuals will handle your business’s technical onboarding responsibilities, maintenance, and end-of-life updates. One mistake which many businesses make is to fail to plan and budget to have data custodians maintain all of the software platforms which they use to store their data as all digital platforms need to be regularly maintained in order to prevent important data from being potentially lost. Remember that it’s particularly important to ensure that none of your data is permanently lost as your business may be legally obligated to provide evidence that your customer’s info and your transaction info and financial info is stored properly. Your business can even be fined large sums of money for failing to protect important data.

So if you want to use the best possible, effective data governance tools in order to ensure that your business meets all of its data management policies, it’s well worth learning how to use all of the tried and tested data governance tools that are listed above to your business’ advantage. As in today’s world, data management is incredibly important!