Businesses are Losing Millions of Dollars Due to Lack of True Data Governance: Is Yours?

Michelle GenserJuly 10, 2019

With the standardization of big data and rapid expansion of data sources, the scope of data ingestion continues to outpace the ability of business units to analyze it and gain the needed insights to drive business decisions. Beyond the rising costs to store data, ever-growing digital data sources encourages the capture of smaller data islands, which also hinder an organization’s effort to make decisions. While data users may believe they can ingest data and start realizing business insights, in most cases, large data capture does not correlate to an organization’s ability to curate and leverage critical data assets. Before data can be of real value, users need to, first, understand and manage it properly. Failure to do so leads to poor data quality, unreliable analytic outcomes and flawed insights. To avoid this situation, it is critical that data collected and used to make strategic business decisions is managed well.

How can this management of data be accomplished? Read the rest of this article to learn!