Data Governance

6  •  Neera Bhansali

successful working environment is established, a well-oiled system of data

governance will be highly rewarding. However, in the beginning, the ten-

dency of management will be to focus resources on revenue increase and

the value chain that links data and customers through the organization.

Organizations move through various stages in their life cycle from

start-up phase, growth phase to maturity phase, renewal, and, nally,

decline phases. Dierent stages in an organization’s life necessitate dif-

ferent roles for data governance. In the early phases of the life cycle,

data governance is a regulatory requirement and not a competitive tool.

Itconsists of policies, control procedures, guidelines, and mechanisms to

ensure accountabil ...