What is meant by the term "data governance"?

The term "data governance" refers to the management of data availability and integrity, making it crucial for organizations to ensure that their data is accurate, consistent, and accessible when needed. This encompasses a wide range of practices, including establishing policies for data quality, monitoring data usage, and defining roles and responsibilities for data management within an organization. Effective data governance ensures that data remains a valuable asset, enables compliance with regulations, and supports better decision-making processes.

Good data governance means that stakeholders can trust the data they rely on for operations and strategic planning. It involves setting guidelines for how data is stored, shared, and utilized, thereby enhancing data credibility and utility across various departments. In this way, the focus is on creating an overarching framework that ensures data is managed properly and maintained in a way that aligns with business goals and regulatory requirements.