Building a Data Governance Function Service Sheet
December 26, 2023DownloadsDownload Service Sheet
As more organizations leverage their data for decision-making, developing the proper data governance framework is essential to ensure that the data is accurate, consistent and reliable. Organizations must have a set of detailed policies and procedures to properly manage and control their data throughout the data life cycle. Combined with clearly defined roles, responsibilities and ownership, companies can differentiate themselves by leveraging the power of validated and trusted data.
FTI Consulting works collaboratively with clients to define and implement their data governance framework to manage data quality and accuracy in compliance with expanding and complex regulatory requirements.
With the exponential growth of the amount of data collected and stored by organizations, creating a data governance function is critical to ensure data quality, accuracy and compliance through proper management. A robust data governance framework helps reduce the risks of data breaches and data misuse. With the appropriate data governance framework, the quality and accuracy of an organization’s data increases, resulting in better decision-making due to reliable and clean data and improved day-to-day business functions with streamlined and efficient reporting. This framework enables an organization to leverage clean data to report proper metrics. We help our clients create the correct data policies, procedures and processes to ensure they reap the benefits of their data while mitigating any potential risks.