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DG LifeCycle

The document discusses the data governance life cycle which involves applying governance principles and practices throughout a data's lifecycle from creation to destruction. It aims to balance risks and opportunities while ensuring quality, compliance, and innovation. Key aspects include frameworks with roles and guidelines aligned to business needs, improving data literacy, and reducing data debt from poor quality.

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Jyothy PA
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8 views

DG LifeCycle

The document discusses the data governance life cycle which involves applying governance principles and practices throughout a data's lifecycle from creation to destruction. It aims to balance risks and opportunities while ensuring quality, compliance, and innovation. Key aspects include frameworks with roles and guidelines aligned to business needs, improving data literacy, and reducing data debt from poor quality.

Uploaded by

Jyothy PA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Data Governance Life Cycle

• Data Governance Life Cycle is an approach to


managing data throughout its lifecycle, from
data entry to data destruction.
• It involves applying Data Governance
principles and practices to each stage of the
data lifecycle, such as creating, managing,
using, sharing, collecting, reusing, and
destroying data.
• Data Governance Life Cycle aims to balance
data risks and opportunities, ensure data
quality and compliance, and foster data-driven
innovation and growth.
• Some key points about Data Governance Life
Cycle:
1. Data Governance Framework:
2. Data Governance Program Phases:
3. Data Literacy:
4. Data Debt:
Data Governance Framework:

• A Data Governance framework provides a set


of guidelines, standards, roles, and
responsibilities for governing data across
the data lifecycle.
• It helps to align data activities with business
objectives, data regulations, and data ethics. A
Data Governance framework can be
customized to fit the specific needs and
context of an organization.
• The four pillars of data governance —
– data quality,
– data stewardship,
– data protection and compliance, and
– data management
• It provide a solid foundation for establishing a
robust data governance framework.
Data Governance Program Phases
• A Data Governance program consists of seven
phases that help to operationalize Data
Governance over the data lifecycle.
• These phases are as follows:
• Each phase has its own goals, deliverables,
and best practices.
1. develop a value statement,
2. prepare a roadmap,
3. plan and fund,
4. design,
5. deploy,
6. govern,
7. monitor,
8. measure,
9. report.
• Before you start deciding who goes on what
committee, you should be clear about your
program’s value statement.
• You should have developed a roadmap to share
with stakeholders.
• Those stakeholders will want to know the WHO /
WHAT / WHEN / WHERE / WHY / HOW of
your program before they decide to support it, so
you need to anticipate their questions.
Data Literacy:
• Data literacy is the ability to read, write, and
communicate with data.
• Data literacy is essential for Data Governance,
as it enables data stakeholders to understand,
trust, and use data effectively throughout the
data lifecycle.
• Data literacy can be improved by providing
data education, training, and support to data
users and producers.
Data Debt
• Data debt is the accumulated cost of poor data
quality, data management, and data
governance.
• Data debt can negatively impact data
performance, reliability, security, and value.
• Data debt can be reduced by applying Data
Governance throughout the data lifecycle,
identifying and resolving data issues, and
preventing data decay.
How to manage risk with Data
Governance ?
• Data Governance helps to ensure data quality,
security, compliance, and value for the organization.
• Data Risk Management is the practice of identifying,
assessing, and justifying the potential threats and
opportunities associated with data.
• Data Risk Management helps to protect data assets,
avoid data breaches, fines, and *reputational damage.
[Reputational damage is the negative impact on an
organization’s reputation caused by actions that are
perceived as unethical, illegal]
• To manage risk with Data Governance, you need
to:
1. Establish a Data Governance framework that
aligns with your business objectives, data
regulations, and data ethics.
2. Identify and classify your data assets based on
their sensitivity, criticality, and usage.
3. Assess the risks of your data assets, such as data
quality, privacy, security, availability.
4. Monitor and measure the effectiveness of your
Data Governance and Data Risk Management
activities, and report on the performance and
value of your data assets.
Challenges of Data Governance
• Data Governance also faces many challenges, such as:
1. Limited resources: Data Governance requires
adequate budget, staff, and tools to support its
activities and goals.
2. Siloed data: Data Governance aims to provide a
holistic view of data across the organization, but
often data is stored and accessed in silos, such as
different departments, systems, or platforms. This
makes it difficult to share, integrate, and analyze data
effectively and consistently.
• Lack of leadership: Data Governance needs a
clear vision, strategy, and governance structure
to guide its implementation and operation.
However, many organizations lack a dedicated
Data Governance leader or team.
• Poor data quality and context: Data
Governance strives to improve the quality,
accuracy, and reliability of data, but often data
is incomplete, inconsistent, or outdated.
• Lack of data control: Data Governance seeks
to protect and secure data from unauthorized
access, disclosure, or misuse, but often data is
exposed to various risks, such as data
breaches, privacy violations, or regulatory
non-compliance.
• END

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