Data Governance is a set of policies, roles, and processes that ensure data accuracy, security, and proper management throughout its lifecycle.
Data Governance consists of three key components: policies and standards, data stewards and governance committees, and security and compliance teams.
Data Governance is important because it prevents bad decision-making based on flawed data, helps maintain compliance with data privacy laws, protects against security breaches and data leaks, and reduces time wasted searching for data.
To implement Data Governance, organizations should establish ownership of data, define data policies and standards, leverage technology tools, and continuously monitor and improve the governance processes.