What is the purpose of using a strategy for data governance in businesses? 🔊
The purpose of using a strategy for data governance in businesses is to establish processes and standards that ensure data accuracy, availability, and security. Effective data governance helps organizations manage their data assets responsibly and comply with regulatory requirements. It outlines roles, responsibilities, and policies for data management, including data quality control, data privacy, and data sharing practices. This strategy also promotes a culture of accountability and enhances decision-making by ensuring that data used across the organization is trustworthy. Ultimately, sound data governance supports business efficiency, transparency, and strategic initiatives.
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