What is the significance of data governance in organizational IT strategy? 🔊
The significance of data governance in organizational IT strategy lies in its ability to ensure data quality, security, and compliance. Establishing effective governance frameworks helps organizations manage their data assets systematically, facilitating better decision-making and operational efficiency. Data governance includes policies and standards that dictate data management practices, roles, and responsibilities. It also addresses regulatory compliance, such as GDPR, protecting organizations from legal risks. By prioritizing data governance, organizations can safeguard sensitive information, foster trust among stakeholders, and leverage data as a strategic asset for innovation.
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