Data Governance Consulting
Organizations face the daunting challenge of ensuring that their data remains reliable, accurate, and compliant with regulatory standards. Without robust governance measures in place, data can quickly become inconsistent, outdated, or inaccurate, undermining the foundation of decision-making processes. At Data Meaning, we understand the critical importance of effective data governance, offering comprehensive solutions tailored to meet the diverse needs of modern businesses.
Why Data Governance Matters
Studies have shown that a staggering 84% of CEOs distrust their decision-making data. This lack of trust stems from the absence of proper governance frameworks, leaving organizations vulnerable to a myriad of risks. From data quality issues to regulatory non-compliance, the consequences of inadequate governance can be severe and far-reaching.
Consider the following
Data Governance Statistics
Loyalty and Churn
Accenture’s 2019 report found that nearly half of consumers switched companies they buy from due to lack of trust in the handling of their data.
Cost of Poor Data Quality
According to a report by Gartner, the average financial impact of poor data quality on organizations is $9.7 million per year.
Audit Gaps
Deloitte reported 90% of companies in highly-regulated sectors believe they’re ready for data governance regulations, but still faced audit challenges.
Our Data Governance Services
Data Governance Program Management
From readiness assessments to change management, we provide end-to-end support in establishing and managing data governance programs.
Metadata Management
We help organizations define and manage metadata to provide meaning and context to their data assets, ensuring clarity and consistency.
Master Data Management
Our expertise in master data management ensures that critical data is centralized, standardized, and trusted across the organization.
Data Quality Program
We work with organizations to establish data quality rules, processes, and technologies to ensure the reliability and accuracy of their data.
Data Security and Privacy
Our services cover regulatory compliance, data security, and privacy, helping organizations navigate complex legal and ethical requirements.
Our Approach To Data Governance
Governance
Framework & Policy
Data Asset
Management
Data Quality
& Compliance
Governance
Metrics & KPIs
Risk
Management
Tools & Technology Recommendations
Training &
Communications
Planning &
Roadmap
Get started with Data Meaning
Whether you’re just beginning your data governance journey or looking to enhance your existing program, Data Meaning is here to help. Our tailored solutions, deep domain expertise, and commitment to practical, sustainable governance practices ensure that your organization can unlock the full potential of its data assets while minimizing risks and fostering trust.
Contact us today to learn more about how we can help you achieve your data governance goals.