Tag Archives: measurement
In this video, Rob Karel, vice president of product strategy, Informatica, outlines the Informatica Data Governance Framework, highlighting the 10 facets that organizations need to focus on for an effective data governance initiative:
- Vision and Business Case to deliver business value
- Tools and Architecture to support architectural scope of data governance
- Policies that make up data governance function (security, archiving, etc.)
- Measurement: measuring the level of influence of a data governance initiative and measuring its effectiveness (business value metrics, ROI metrics, such as increasing revenue, improving operational efficiency, reducing risk, reducing cost or improving customer satisfaction)
- Change Management: incentives to workforce, partners and customers to get better quality data in and potential repercussions if data is not of good quality
- Organizational Alignment: how the organization will work together across silos
- Dependent Processes: identifying data lifecycles (capturing, reporting, purchasing and updating data into your environment), all processes consuming the data and processes to store and manage the data
- Program Management: effective program management skills to build out communication strategy, measurement strategy and a focal point to escalate issues to senior management when necessary
- Define Processes that make up the data governance function (discovery, definition, application and measuring and monitoring).
For more information from Rob Karel on the Informatica Data Governance Framework, visit his Perspectives blogs.
The next facet on the tour of our data governance framework can be one of the most frustrating for those driving data governance efforts within their organization: Measurement. The concept of data governance has experienced a boost in credibility over the past few years. Many business leaders finally acknowledge the need to transform their organizations into information-centric entities to combat explosive data growth, complex regulatory edicts, and tackling emerging commerce channels like mobile and social. But justifying the rhetoric that data is a critical corporate asset is a whole lot simpler than justifying and prioritizing actual funding, headcount, IT investments and process transformations that the management and governance of this data requires. (more…)