Why Data Governance is Essential for Businesses

Teams across a business can leverage considerable value from having trustworthy information flowing to the right person at the right time.

Our infographic illustrates why implementing a data governance model is critical to ensuring different groups from across an organization gain value-added insights from the same data sets.

63%

of leaders say COVID-19 made their organizations embrace digital transformation sooner than they had expected (Celerity).

Companies must move fast to be able to effectively structure and leverage the driving surge in data.

75%

of databases will be on a cloud platform, increasing complexity for data governance and integration by 2023 (Gartner).

Migrating to the cloud is accelerating as organizations collect more data, deliver it in real time to an expanded audience and work towards more agility in their processing capabilities.

40%

of marketers say their biggest challenge with personalization is linking to data-related technologies, while 34% struggle with poor data quality (Experian).

Organizations must optimize internal policies around data, as well as corporate culture, structure and technology infrastructure, to personalize 360° customer experiences.

20 billion

Over 20 billion+ IoT devices are active on the technosphere, which means data disparity and diversity are increasing at a fast rate (Gartner).

With the continuing growth of more diverse data types stored in more diverse locations, it’s key to lock in effective data governance, security and recovery practices.

463

exabytes of data will be created globally each day by 2025 (World Economic Forum).

Analytics-enabled data governance programs will become more essential to allow for the storage and use of new sources of data from increasingly advanced mobile technologies and platforms.

49%

of businesses lack the proper roles to implement data governance (Gartner).

Organizations need a defined leadership structure to support the engagement of various stakeholders, including any number of roles ranging from data managers, data architects and analysts, to marketing and product teams and business intelligence and executive roles.

To learn how to use insights to drive action, visit piano.io