Most organizations now recognize the importance of data to their organization, whether it be for financial, operational or marketing purposes. But the variability of data in different organizations, the differing laws and regulations around data, such as privacy, and the differing business needs of the organizations all create a need for data management that is insightful and flexible.
Data governance plays a major role in setting the tone and the parameters for data management in an organization. A good data governance program has become an essential element of good management. For an interesting take on this matter, check out this article.
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