Saturday, March 2, 2024
HomeBusiness IntelligenceHow Knowledge Governance Drives Profitable Enterprise Outcomes

How Knowledge Governance Drives Profitable Enterprise Outcomes

This weblog, initially revealed in Could 2021, was up to date in July 2023.

Since this text was revealed, the Domo Sandbox and Governance Toolkit now permit for simpler governance and governance automation of Domo. Moreover, the variety of Domostats metadata stories has doubled, and we’re within the midst of a Domostats Quickstart refresh. Shifting ahead, you possibly can count on to see extra product improvement centered on governance automation and enablement. 


The Knowledge Governance Institute (DGI) defines knowledge governance as “a system of choice rights and accountabilities for information-related functions, executed based on agreed-upon fashions that describe who can take what actions with what data, and when, beneath what circumstances, utilizing what strategies.”  
In different phrases, it’s a framework for a way knowledge can be utilized inside a company. However for some purpose, most organizations don’t do knowledge governance very properly.  
Why? For starters, folks, for essentially the most half, don’t prefer to be ruled. They like freedom. However in the case of knowledge, whole freedom generally is a recipe for catastrophe, because it opens up organizations to safety points.   
To keep away from such issues, and to place themselves for achievement, companies should steadiness two ends of a divergent spectrum—the one which represents tips and management, and the one which stands for entry and empowerment.  


What’s step one to making sure knowledge governance? 

There’s no actual reply. However the consensus amongst these I’ve talked to who deal with knowledge administration methods at industry-leading enterprises is that step one ought to contain one of many following:  

  • Guarantee knowledge high quality. As a result of with out it, belief goes by the wayside, making it unattainable to make crucial choices with confidence.  
  • Set up definitions and naming conventions. Setting such requirements ensures uniformity and accuracy whereas providing accountability and consistency. It additionally makes it simpler to “discover the information.”  
  • Embrace a shopkeeper’s angle. Being a gatekeeper just isn’t the reply. Be a shopkeeper who helps prospects whereas preserving management of the shop.  
  • Perceive folks’s wants. Ask your self, “What do folks want to have the ability to do? And the way can I greatest meet these wants?” Then, go from there.   

In brief, embark on the journey with the concept you wish to create a tradition the place folks can discover and innovate responsibly.  


How do I get everybody on board? 

When you’ve taken step one, then it’s time to construct some momentum. Don’t be afraid to make use of present structure; this initiative doesn’t need to be a start-from-scratch endeavor that requires cash the group could not have.   
Additionally, do think about competitions and incentives; there’s no hurt in rewarding folks for ensuring knowledge is populated accurately and constantly.  
Lastly, be sure that governance is part of each particular person’s targets all year long. If, on the finish, somebody can say, “I cleaned up 78 datasets that weren’t used anymore, and I renamed every thing to suit naming conventions,” then a lot the higher.  


Every other governance suggestions and methods?

Positively. Primarily based on conversations I’ve had through the years with knowledge governance specialists, it helps to automate as a lot as attainable.   
“The extra you possibly can automate,” one analyst advised me, “the extra it will possibly bubble up the conversations to have, so that you may be simpler with what you’re going after.”  
Additionally, by no means join your supply datasets to any of your manufacturing knowledge flows. Put a layer of safety between your sources and your flows. “That’s the place you centralize your entire validity,” one other professional mentioned.  
Thirdly, perceive that typically it simply comes right down to human interactions. Create a governance council, and have conferences—or, on the very least, arrange a chat room the place folks can go to ask questions. This enhances the belief issue.  
One other advice: Experiment with the certification function that trendy BI platforms like Domo have. Upon getting a licensed set of people that can get into all of the datasets, you can begin killing the older datasets.   
“I’ve discovered that attaching just a little watermark or seal to these licensed stories creates a complete new tradition within the group,” mentioned an information governance guru for a serious producer of simulation applied sciences. “A tradition of governance.”  
It may be time-consuming to manually observe governance-related occasions. To assist with this, many trendy BI platforms present datasets that you need to use to measure knowledge governance. Widespread governance stories embody platform engagement, new dashboards created, and knowledge movement refresh failure charge.  
Lastly, embrace the truth that you’re by no means completed with knowledge governance. You’re at all times in the midst of the journey—or, in one other layer of the onion—and the easiest way ahead is simply to maintain transferring ahead.  
Be taught extra about making knowledge accessible whereas guaranteeing full safety and management. 



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments