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The idea of governing data is certainly not a new one. Most businesses have some form of data governance, but most are not doing it well. With advancements in technology comes added complexity to managing data, forcing companies to separate data governance out by division, business function and/or geographic location, causing the process to break down. All levels must be engaged in the process - from corporate to IT - across the enterprise.

There are many advantages to a successful data governance system, including:

Operational Savings and Efficiencies - data governance allows you to proactively monitor data and make changes for future business operations, avoiding one-off projects that typically cost much more.

Compliance - policies and procedures that are strictly monitored and enforced improve compliance.

Customer Service - improved understanding of customer data provides better customer service and also greater visibility for cross- and up-selling.

Mergers and Acquisitions (M&A) Preparation - should your company be faced with a merger or acquisition, you are better equipped to combine data assets, lessening the time to get back to core business functions.

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