Unlocking Strategic Value

Lack of effective data governance is typically manifested by lack of ownership and accountability, lack of education on the impact and importance of data accuracy, and limited experience of data-driven decision making. ​

 

This results in data not being readily available, or stakeholders not knowing where to find it, data existing in ‘protected’ silos, and a lack of common business understanding of the data in the organisation. ​

 

An effective and pragmatic data governance implementation addresses these challenges and helps the organisation truly leverage data and unlock the strategic value of data.

Unlocking Strategic Value

The Data Governance Framework forms part of the larger Data Management Framework and ensures that proper authority is exercised over the management of data assets in the organisation. The context of data governance is highlighted by the yellow components in the accompanying diagram. The Data Governance Framework is made up of a the following components:

 

  • Artefacts as highlighted in the framework overview (e.g. data quality rules)
  • Processes
  • Roles
  • Responsibilities
  • Organisational structures
  • Appropriate technology solutions

 

Data governance will be aligned to corporate governance and will leverage the existing structures, processes, role, etc. already in place.

Benefits

Correctly governed data can enable organisations to realise a multitude of benefits. These include enhanced control and risk management, greater efficiency in information delivery, heightened trust in data and information, ensuring data integrity across source systems, improved planning for information management, elimination of redundant efforts, reduced costs associated with information delivery, and faster access to critical information.

 

These advantages underscore the importance of effective data governance in maximising organisational efficiency and strategic decision-making capabilities.

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Why Telefónica Tech

Telefónica Tech helps organisations to drive business change through step-by-step digital transformation. We work with a wide range of organisations across the UK using the Microsoft Catalyst framework, helping to create business strategies that support growth and excellence.

 

Telefónica Tech is a Microsoft Dynamics gold partner helping organisations drive digital transformation with Microsoft Dynamics 365, Azure and Power Platform solutions. We help organisations with implementations, upgrades, project recover and ongoing support.

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