Data Governance Is Valuable Moving To An Offensive Strategy Alation Whitepaper 2
Data Governance Is Valuable Moving To An Offensive Strategy Alation Whitepaper 2
VALUABLE: MOVING TO
AN OFFENSIVE STRATEGY
Data governance defines how data should be gathered and used within
an organization. That sounds boring and tedious, but data governance
is critical in today’s data-driven world. It is time to stop viewing data
governance as a necessary evil that helps combat the equally evil and
overused threats of “drowning in data,” security breaches, and compliance.
Instead, it is time to rethink why it’s imperative for data governance to be
seen as a critical catalyst of business growth.
But, when an organization then fails to achieve success, few tend to look
back at data practices as the culprit. The bad decisions, misused datasets,
and misunderstood insights that contributed to failure are overlooked while
earnings estimates are missed, stock prices dive, and managers and leaders
are reshuffled or forced to move on. Maybe they were just making good
decisions based on bad data?
Disappointingly, barely more than one-third (36 percent) of data leaders view
data governance as a key priority to improving success through business
intelligence (BI) and analytics, according to a study by TDWI. Think about
the consequences if only one-third of CFOs saw finance and accounting
practices as critical to business success!
As these use cases indicate, data is both an asset and a liability. Yet
historically, data governance has existed to manage data as liability alone
in a defensive posture. But that’s changing. Today, wise data leaders are
wielding data governance to serve both offensive and defensive purposes.
This is a human challenge, which lies in shifting a groups’ view of data
governance as a purely defensive posture (security, control, access) to
a momentum-based offensive posture (value, benefits, growth). But make
no mistake: you can have it both ways.
But, jokes aside, shifting from a traditionally defensive function into a blended
focus that also embraces data offense… is as simple as forcing people to
rethink the connection between data governance and organizational success.
Defensive data governance is akin to keeping the lights on: it’s not exciting
but it’s needed to enforce security, pass compliance audits, and mitigate the
risks of running afoul of regulations. Offensive data governance, by contrast,
supports competitive initiatives that can aggressively grow the business.
“Offensive data strategies focus on getting value out of data to build better
products, improve your competitive position, and improve profitability,” says
Bob Seiner, president and principal at KIK Consulting. “Defensive strategies
focus more on risk mitigation, data security, and regulatory compliance.”
Defense! Offense!
Puts the data governance focus on: Aims data governance at:
In this sense, the focus of governance changes from locking the data away
to enforcing accountability while guiding people toward trusted data and the
appropriate, compliant behaviors for using it.
Types of Metadata
Metadata helps users find the data they need, see an inventory of
available data, and evaluate the data’s fitness for intended uses.
Metadata includes things like:
Greg Swygart, VP, enterprise data office, Fifth Third Bank, says, “We realized
that centralized, traditional data governance had somewhat of a bad brand.”
To shift perception, his team rebranded key data governance terms.
Making small changes to the words you use in governance initiatives can have a big impact
on how people respond. Source.
“The term governance smacks of edicts handed down from above and dusty
documents that no one reads,” says Sebastian Kaus, Data Governance Lead
at Vattenfall. “But a thriving data culture must be grown from the bottom up.
And that starts with listening to people.”
Companies with a strong data culture — one where people feel confident
in their ability to find, use, and trust data — are more likely to meet or exceed
their revenue targets. Here are some tips in crafting a people-first approach
to offensive data governance:
• Create “data evangelists.” Let them spread the word to other data
scientists and analysts throughout the organization.
To learn more about building a data culture, read Accelerating Your Data
Culture Journey: Customer Best Practices in Data Governance.
Data quality is too vast a challenge to tackle in a silo. Thus, data management
use cases are converging — driven by platforms that support data quality,
lineage, security, and governance workflows and connect to a broad range
of data source connections. These platforms automate learning systems
with AI and ML to describe data and support smarter human collaboration.
In this way, data quality and data governance are closely linked. Data
governance helps users to correctly (and compliantly) leverage quality
data to deliver value to their organizations. Data quality is a critical aspect
of governance, as it supports superior analysis, consistent regulatory
compliance, and overall improved data management.
Imagine if finding data for a critical work project was as easy as searching
for it on Amazon. Results would appear, star ratings and reviews could be
evaluated, questions could be asked, and it would be much easier to find
the best data for the task at hand. That’s an enterprise data catalog.
To get started, visit alation.com to learn more about building a data culture
and putting data governance on the offensive.