How much is your data worth, and what’s your data quality score? These are questions many business executives struggle to provide a constructive response to, as well as what the impact of data quality on business operations is. The strategic importance of your data assets can’t be underestimated if you want to achieve successful business results. Many areas of data management – particularly data governance, master data management (MDM), data strategy and data quality – pose significant challenges for CDOs, CIOs, CQOs and business executives. Without an effective data governance program in place, you might face challenges around regulatory compliance, reduced revenues, decreased productivity, inefficient manual processes and increased risks.
Data governance is a set of processes ensuring critical data assets are defined and structure is in place for cleansing, storing and reporting data in a way that makes it easy for the business to own and identify variances in their mission-critical information.
Protiviti’s pragmatic approach to data governance, data strategy and data quality, combined with our business and technical acumen, can help you enhance business value through more controlled and efficient collection, distribution and usage of information.
Additionally, Big Data and the Internet of Things (IoT) are introducing new information sources to organisations – often from outside company walls.
Data governance is an ongoing effort for an organisation, something that should be included in every business operation. Our proven methodology ensures your DMO is established with the right balance of technology, processes, business ownership and operation model to ensure long-term success and adoption.
When it comes to data governance, the quality and reliability of your data is paramount to a successful governance program. Your data must be clean, precise, and comprehensible. We provide end-to-end data quality solutions that include discovering, defining, applying, monitoring, and measuring progress in real-time.
A solid master data management strategy provides you with an up-to-date single version of the truth. It provides a trusted view of critical information and deeper insights into data, leading to better and more cost-effective business processes. Our broad range of Master Data Management solutions provide a simple and trusted view of your data.
No matter what type of data you are governing, data integration isn’t easy. We understand what it takes to be successful. From extraction, cleansing and validation to implementation, our data integration process is detailed and proven.
Our global clients are experiencing unprecedented change in the data privacy landscape. Changing state, federal and global regulations are forcing almost constant business, technical and legal operational changes. These changes are not necessarily exclusive of one another and often overlap, resulting in highly complex legal and regulatory scenarios
Poorly managed data can threaten an organisation’s reputation – and ultimately impacts consumer trust. Protiviti Australia Technology Consulting Managing Director Ghislaine Entwisle outlines key questions organisations need to ask themselves regarding their data classification and handling policies.