Data Governance & Stewardship

Data is a very important and strategic raw material for any organisation. With high volume of data streaming into organisations IT data centre today and the variety of formats, structured and unstructured, it is critical to get the right information at the right time to the right people to enable the entire organisation to grow and capitalised on new opportunity.

Organisations are starting to realise, while entering the data manually or digitally, there is always the potential to enter incorrect or duplicate data, and see that their data must be cleansed and enriched to get the full benefit of historical and present data.

Data governance controls the quality of data, provides consistent and trusted data that the business users can reply to make critical decisions. The following is some of the advantage of data governance:

• Improve data quality

• Make data accurate

• Ensure data consistent

• Improve business decision

• Enhance business planning

• Maximum use of the data

• Improve financial performance

Data Governance solution is expected to help raise the value of business data. The challenge is not whether the organisation can create Data Governance solution but rather if the solution can address the rapid changes in business.

Data Stewardship is the next generation solution design to incorporate technology, process and expertise. Data Stewardship helps to:

• reduce the amount of time to achieve master data quality and effectiveness

• business can be adaptive to the changes

• produce business-read data

Oracle’s enterprise Master Data Management (MDM) suite of products consolidates and maintains complete, accurate and authoritative master data across the enterprise and distributes this master information to all operational and analytical application as a shared service (hub).  Consideration of MDM to entry point for SOA to bring strategic value to the business. The Data Stewards, within Oracle MDM, execute the rules, but it is the data governance from the business unit who define the rules.

We can help so that an organisation understands the full impact of data as a true valued asset in a consistent manner through a complete governance strategy. The aim of our approach that an organisation can use data to empower their business for success.

If you need further information or initial consultancy, please email mustafa@imexservices.co.uk for details.