Data Governance Strategy (PowerPoint PPTX Slide Deck)

DESCRIPTION

This product (Data Governance Strategy) is a 23-slide PPT PowerPoint presentation slide deck (PPTX), which you can download immediately upon purchase.

Data Governance is all about overseeing the accessibility, practicality, reliability and safety of enterprise data. Data Governance safeguards data uniformity, dependability, and fair use.

In data-driven organizations, the importance of Data Governance is supreme to generate value. For instance:

•  Data Governance provides guidelines to define the account-abilities and responsibilities related to data management and to strengthen the enterprise's Business Model.
•  Data Governance allows enterprises to eliminate data inconsistencies present due to discrete applications and systems running in parallel—e.g. customer names listed differently in marketing and supply chain systems, posing threats to data integration and complicate data accuracy, validity, business intelligence, analysis, and reporting.
•  Without appropriate Data Governance structure, data errors cannot be identified and rectified.

Data Governance is now high on senior leadership's priorities owing to huge public uproar over data privacy, data disclosures instigating harm to enterprises' reputation, and stringent regulations.

This warrants adopting a careful Data Governance Strategy; because, in the absence of one, the huge data being piled every day tend to cause regulatory or professional issues.

This Data Governance Strategy framework presented in this PowerPoint deliberates on the 6 steps that are critical to develop a viable and pragmatic Data Governance Strategy. This 6-phase strategy enhances how the business is managed and assist in recognizing and valuing data as a significant business asset:

1. Document existing governance structure and roles
2. Gain senior leadership sponsorship for the program
3. Improve data awareness and education
4. Redefine data structures and establish a team
5. Create measurement metrics to identify success
6. Choose data tools that match your strategy

A robust Data Governance Strategy assists in creating accurate and standardized data, ease of its usage, and more calculated, improved decision making. Data Governance Strategy is also necessary to curtail the risk of data misappropriation.

The slide deck also includes some slide templates for you to use in your own business presentations.

This comprehensive guide also emphasizes the importance of executive sponsorship and data literacy across the enterprise. It provides actionable steps to restructure data governance functions and establish a capable governance team.

Source: Best Practices in Big Data, Data Collection, Data Governance PowerPoint Slides: Data Governance Strategy PowerPoint (PPTX) Presentation Slide Deck, LearnPPT Consulting

PPT SLIDE DEEP DIVES

Core Actions for Effective Data Governance Implementation

This PPT slide outlines 4 core action items essential for executing effective Data Governance programs. The first point emphasizes the necessity for top management to recognize the strategic significance of data governance. It highlights that data is integral to organizational success and should be embedded in the overall strategy. This includes initiatives like building Artificial Intelligence capabilities and undergoing Digital Transformation.

The second action item advises against imposing Data Governance initiatives on employees. It notes that many perceive Data Governance as a restrictive measure. Instead, the focus should be on fostering a culture that encourages acceptance of these initiatives. Clear communication about the benefits of Data Governance, particularly in relation to regulatory compliance and enterprise innovation, is crucial for gaining support from staff.

The third item stresses the importance of employing a systematic framework for Data Governance programs. This approach ensures that data management practices remain agile and aligned with corporate objectives. It suggests that a structured framework not only enhances data gathering and security, but also facilitates ongoing maintenance.

The final point addresses the dynamic nature of data. Organizations must prepare for constant changes in data and adapt their governance strategies accordingly. This includes creating digital applications that comply with evolving regulatory requirements. The investment in Data Governance is significant, but necessary for protecting valuable data assets and supporting Digital Innovation.

Overall, the slide serves as a strategic guide for executives looking to implement robust Data Governance frameworks that align with broader organizational goals.

Establishing Metrics for Effective Data Governance

This PPT slide outlines the critical importance of establishing measurement metrics to evaluate the effectiveness of a Data Governance Strategy. It highlights that while the benefits of effective data governance can often be subtle, the consequences of neglecting it can be severe, including significant financial penalties and reputational harm. Senior executives are urged to develop a clear understanding of how to measure the impact of their governance initiatives.

Key metrics are suggested, such as tracking incidents related to data access within the IT Management System. This is crucial because incidents can indicate underlying governance issues. For example, if a user loses access to a dashboard, it may signal a failure in the governance framework, necessitating prompt investigation and resolution. The slide emphasizes the need for accurate documentation and tracking to prevent future occurrences.

Additionally, the slide points out that assessing overall system performance and data quality are vital components of a robust governance strategy. Increased data understanding can lead to the creation of new users,, but if these users do not engage with existing reports, it may reflect poorly on the governance efforts in place. This suggests that organizations must not only create metrics, but also ensure that they are actionable and lead to improved data governance practices.

In summary, the slide serves as a call to action for executives to implement pragmatic indicators that assess data accuracy, totality, uniformity, and uniqueness, ultimately driving better governance outcomes.

Documenting Current Data Governance Structure and Roles

This PPT slide outlines the first phase of a Data Governance Strategy, emphasizing the importance of documenting existing governance practices. This phase is crucial for organizations as it involves identifying the current structure, roles, and responsibilities related to data management. It highlights the need to recognize the various professionals involved, such as database administrators, IT staff, and networking professionals, who play key roles in managing data access and ensuring the functionality of business intelligence applications.

Once the existing governance framework is mapped out, the slide indicates the necessity of conducting a formal inventory of data assets. This inventory serves as a foundational step in understanding what data is available, who is responsible for it, and how it is being managed. Identifying the individuals accountable for handling data is also critical, as it clarifies roles and responsibilities within the organization.

The slide further points out the importance of identifying gaps in the data assets and the responsibilities of relevant personnel. This analysis can reveal potential weaknesses in the current governance structure, allowing organizations to address issues proactively. By systematically documenting these elements, companies can lay the groundwork for a more robust data governance strategy that enhances compliance and decision-making capabilities. This phase is not just about documentation; it's about creating a clear understanding of the current state to inform future improvements.