Executives make fundamental decisions based on data. They might create new products, hire employees or invest funding based on the data they collect. This makes data governance an important part of business intelligence. It plays a role in creating analysis strategies that help executives make data-driven decisions. When company stakeholders access data, data governance processes ensure that information in the data catalog is accurate, reliable and consistent.
Data governance can support every stage of stakeholder decision-making. It provides executives with the right data at the right time and protects that data while in use. It also allows for easy data sharing between different executives. Most importantly, it supports data quality — helping company leaders make informed decisions during the business intelligence and analytics process
There are many factors to consider when planning a governance program. For example, companies should plan out a strategy for data collection and storage. They should also determine how the information will be disposed of after use.
Here are some other priorities to consider when implementing a data governance program:
Data governance doesn’t end after data collection. Companies should monitor how employees use data to find opportunities for improvement. This often means collecting feedback from employees, particularly feedback that identifies how well they can manage data using the current data governance policies.
If you’re interested in pursuing a career in data, University of Phoenix can help you gain the foundational knowledge to work in this field. UOPX offers a Bachelor of Science in Data Science degree that teaches students how to analyze, manipulate and process data.
Students learn career-ready skills like machine learning, programming, data mining, statistical analysis and more. These skills can help graduates prepare for a variety of employment opportunities in the data science industry.
This UOPX program prepares graduates with the real-world skills to pursue roles like research scientist, data analyst and business intelligence analyst. While these roles are not exactly equivalent to that of a data scientist, the U.S. Bureau of Labor Statistics lists them as similar occupations that work with data and require many of the same IT skills.
To learn more about this program and how University of Phoenix can help you save time and money on your degree, visit the University of Phoenix website.