We recently discussed the importance of instituting a passive data governance strategy as part of data management, and how it benefits both IT departments and executives by providing valuable insights on business operations while ensuring compliance. Data governance is essential and can only be effectively implemented if there is absolute trust in the data and systems set up to guide information governance.
In a blog post, BackOffice Associates discussed why persistent data validation is a critical part of effective data governance. While many organizations focus on validated data as it is migrated into new systems, they also tend to exercise less diligence with maintaining that data once it is successfully integrated. And that could end up hurting the organization in the long run since that data should still be subject to fluctuating governance and protocols.
Passive data governance tools help companies stay on top of that data, effectively providing persistent data validation. These solutions can generate distributed validation reports that break down the quality of data, offering clear definitions and helping to drive business objectives. And being able to look at reports and metrics helps companies steer their business in the proper direction and provides them with peace of mind that data is being maintained consistently, particularly across disparate, multi-system landscapes.
Organizations and executives can also take a big step back and examine their data governance system itself using these types of tools. Just as they offer metrics on data, they offer reports and charts on the performance of information governance solutions to ensure systems are operating at peak performance and protocols and objectives are being met.
This type of organization-wide transparency offers a host of benefits, as underperforming departments may correct issues and contribute in the overall maintenance of master data. Ultimately, this effort builds trust throughout the organization and ensures persistent data validation through a collaborative effort.
Edited by Alisen Downey