A successful data governance framework depends on a key component: Data Management.
With the proper knowledge and steps to execute data management properly, organizations can unleash their data analytics powers optimizing their decision-making skills.
Understanding whether or not your data meets compliance standards is an essential first step in data governance. This means that a well-designed data governance framework requires leaders to determine what data management practices, tools and technologies they will use to develop action plans that meet their business goals.
Once defined, the data governance framework will embed a set of policies and procedures that allows for effective management of data at the organizational level.