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CIN-ACT GROUP 3 DATA Analytics Assignment

The document outlines the framework of data governance, emphasizing the importance of data quality, regulatory compliance, security, accessibility, and accountability. It highlights the benefits of effective data governance, such as improved decision-making and operational efficiency, while also addressing challenges like data silos and evolving cybersecurity threats. Additionally, it describes the components of a data ecosystem, including sensing, collection, wrangling, analysis, and storage.

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3 views

CIN-ACT GROUP 3 DATA Analytics Assignment

The document outlines the framework of data governance, emphasizing the importance of data quality, regulatory compliance, security, accessibility, and accountability. It highlights the benefits of effective data governance, such as improved decision-making and operational efficiency, while also addressing challenges like data silos and evolving cybersecurity threats. Additionally, it describes the components of a data ecosystem, including sensing, collection, wrangling, analysis, and storage.

Uploaded by

trish200382
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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CIN-ACT GROUP 3 ASSIGNMENR PRESENTATION.

DATA GOVERNANCE
A structured framework of processes, roles, policies and standards that ensure an
organisation’s data is secure, accessible, accurate and used responsibly to achieve business
objectives
GOALS
1. Data quality and integrity
-Data quality refers to fitness of data for its intended use in decision making and
compliance. It should be timely, valid and reliable complete and accurate and unique
for instance a logistics company monitors delivery address for accuracy to reduce
failed shipments.
-Data integrity focuses on maintaining and assuring the accuracy and consistency of
data over its entire lifecycle from creation and storage to retrieval and deletion. It
ensures that data remains unaltered by unauthorised personnel retaining its
intended meaning when accessed, processed and transferred. For example in
healthcare, patient records must maintain integrity to ensure correct treatment and
if medication dosage is accidentally altered it has deadly consequences to the
patient.

2. Regulatory compliance
-Ensure that an organisation’s data practises adheres to rules and regulations and
standards to avoid penalties, build trust, protect stakeholders.
-For instance a country may have a consent regulation requiring company to get
consent from customers to collect their email addresses and subscribe to receiving
messages.

3. Data security and privacy


-Data security is the protection of data from unauthorised access and breaches. It
deals with access controls, encryption, network security and data recovery.
-Data privacy manages how data is collected, used and shared in compliance with
regulations and requests from a data subject of respondent.

4. Data accessibility and usability


-Data accessibility focuses on making sure data is available for authorised personnel
and data usability focuses on how easily they can use the data.
-Ensure that data is available to the right users in a usable format to facilitate
operational efficiency and informed decision making.
Example: accessibility, a university creates an open data portal for researchers to
share datasets. Usability, each dataset includes a README file explaining variables,
licenses and collection methods.
5. Data stewardship and accountability

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-Data stewardship refers to the day to day management of data assets by individuals
who ensure data is accurate, accessible, secure and used accordingly.
-Data accountability ensures clear ownership and responsibility for data related
decisions and outcomes. It defines who is answerable for security breaches,
compliance failures and data quality. It involves components such as roles and audits
and reporting, responsibilities and consequences such as disciplinary actions for
negligence.
Benefits of Data Governance.
1. Improved Data Quality - Ensures accuracy, consistency, and reliability of data across
the organization.
2. Enhanced Decision-Making - Provides trustworthy data that supports informed and
strategic business decisions.
3. Regulatory Compliance - Helps meet legal and industry requirements such as GDPR,
HIPAA, or data protection laws.
4. Increased Operational Efficiency - Reduces data duplication and streamlines data
management processes.
5. Better Data Security - Establishes clear policies for data access, protecting sensitive
information from misuse or breaches.
6. Accountability and Ownership - Assigns roles and responsibilities, ensuring data is
managed and maintained by the right people.
7. Supports Innovation - Reliable and well-governed data can fuel innovation in
analytics, AI, and business intelligence.
Challenges of Data Governance
1. Silos – Different departments may store data in separate, disconnected systems,
making it hard to integrate and manage.
2. Complex Regulations – Compliance requirements vary across industries and regions,
making adherence challenging.
3. Data Volume & Variety – Managing large amounts of diverse data from multiple
sources can be overwhelming.
4. Resistance to Change – Employees may resist adopting new data governance
policies, leading to poor implementation.
5. Resource Constraints – Establishing a governance framework requires investment in
technology, personnel, and training.
6. Evolving Threats – Cybersecurity risks continue to grow, demanding constant
updates to governance policies.
PART B
Components of a Data Ecosystem
1. Sensing
Sensing refers to the process of identifying data sources for your project. It involves
evaluating the quality of data so you can better understand whether it’s valuable.

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2. Collection
Once a potential data source has been identified, data must be collected.
Data collection can be completed through manual or automated processes.
For example, it’s possible to write a piece of code designed to “scrape” relevant information
from a website (aptly named a web scraper). It’s also possible to design and code
an application programming interface, or API, to directly extract specific information from a
database or interact with a web application.
3. Wrangling
Data wrangling is a set of processes designed to transform raw data into a more usable
format. Depending on the quality of the data in question, it may involve merging multiple
datasets, identifying and filling gaps in data, deleting unnecessary or incorrect data, and
“cleaning” and structuring data for future analysis.
4. Analysis
After raw data has been inspected and transformed into a readily usable state, it can
be analyzed. Depending on the specific challenge your data project seeks to address, this
analysis can be diagnostic, descriptive, predictive, or prescriptive.
5. Storage
Throughout all of the data life cycle stages, data must be stored in a way that’s both secure
and accessible. The exact medium used for storage is dictated by your organization’s data
governance procedures.

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