Along with the info it collects and generates from public sources, the DOC additionally buys or licenses knowledge from the personal sector and makes use of it for issues like financial evaluation. “The problem is that if you take knowledge from outdoors sources, it’s important to normalize the info to make sense of it,” says Clever.
Structuring the info and tracing the supply are simply two of many necessary elements of information governance which are rigorously thought-about by the DOC. The Information Governance Board, chaired by Clever, addresses knowledge administration and knowledge coverage points for the wide selection of companies that make up the division.
“We’ve got totally different knowledge governance frameworks for various wants,” he says. “In all circumstances, the definition of any of the frameworks must be a collective effort, so all stakeholders really feel they’re being heard. In case you do this, everyone is extra motivated to make use of the framework, which is able to guarantee consistency in knowledge administration.”
What’s the purpose of information governance?
Hanna Hennig, CIO of Siemens, says she has seen enterprise models begin accumulating knowledge with out realizing what to gather and why. “It was all the time a waste of cash,” she says. “In case you don’t know what downside you need to resolve, then you definately can not outline your knowledge technique.”
To search out out what knowledge you want, begin with a transparent definition of what you think about to be the specified enterprise final result. Whether or not it impacts the top-line, the bottom-line, or each, the specified enterprise final result will drive choices about which knowledge you acquire. When you determine the info, you can begin defining your knowledge governance framework.
The framework ought to reply questions, corresponding to who owns every knowledge asset, the function of the proprietor, and the way you guarantee the info is curated and certified to be used by the know-how throughout the enterprise. If the info is accurately curated and formatted, it may be utilized by knowledge analytics and, specifically, AI to make suggestions that assist a company make choices forward of the market.