Data governance is a framework of policies, standards, and practices that ensure the proper management and protection of an organization’s data. It involves defining data ownership, establishing data quality standards, ensuring data security, and creating guidelines for data usage.

The goal is to maximize the value of data while minimizing risks and ensuring compliance with regulations.

Implementing a data governance system offers several benefits. It enhances data quality and accuracy, leading to better decision-making. It ensures compliance with regulatory requirements, thereby reducing legal risks. Additionally, it fosters transparency and accountability, improving trust among stakeholders. Ultimately, a robust data governance system drives operational efficiency and innovation.