Data governance and data quality are at the forefront of the Chief Data Officer’s mind. Poor data quality is one of those perpetual issues that can cause tremendous business pain. The symptoms are common: complaining of bad decisions made based on missing information, costs of duplicate information, penalties for not meeting compliance obligations, lost supplier volume discounts costing the company millions. Without effective Data Governance, you can kiss goodbye to any impactful insights you may look to generate.
We caught up with Ram Kumar, Director, Enterprise Information Management and Privacy, Office of the Chief Analytics Officer – IAG to discuss what he views as the most important elements involved in establishing effective data governance and why a ‘big bang’ approach will not work.
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Find out more about Ram Kumar at www.chiefdataofficersydney.com