Accelerate your path to data that is secure, trusted and competitive
Data Governance – The key to scaling your data
Most companies struggle to capture the enormous potential of their data.
Typically, they launch massive programmes that try to meet the needs of every data end user or have individual application-development teams set up customised data pipelines that can’t easily be repurposed.
Firms instead need to figure out how to craft data strategies that deliver value in the near term and at the same time lay the foundations for future data use.
Growing reliance on Data Governance
Gartner states that through 2025, 80% of organisations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.
Despite awareness of the costs of poor quality data, a Decision Inc. survey revealed that the majority of companies believe they are not living up to their data and analytics potential.
The proper governance of your data is more relevant now than ever, as companies move to data-driven strategies:
Dependence of reporting and analytics on data
Dependence of automation on data
Increased focus on trust and security
Move towards open data
What is Data Governance?
The Governance of Data involves the control and organisation of data in a way that gives peace of mind to directors and business users.
Components of a Data Governance Strategy
Productivity: Ensuring my team has the data they need to be most effective.
Risk Management: Ensuring my data is safe and compliant and the right people are using it.
Opportunity: Unlocking my data assets for scale.
DECISION INC. DATA GOVERNANCE ACCELERATOR
Our immersive approach to Data Governance
Our approach helps companies scale their data programmes rapidly.
The Data Governance Accelerator is a programme that drives alignment across the business and enables real progress to be made quickly.
Through our immersive approach, we help you accelerate the governance of your data in 3 practical steps:
Our approach aims to simplify and fast-track the road to Data Governance
Shorten the as-is analysis
Reduce the scope through prioritisation – start with the critical data
Identify where to start, using our industry experience and assessment of your key issues
Sustainable processes and an enabled team
1. Scan and Prioritise
Identify Key Concerns &
Our Scan and Prioritise process leverages experiences over the last 15 years of Data Practices to enable the clients team to unpack the current environment and establish the baseline for the ‘As Is State’.
Develop and Deploy
Establish a technology capability to manage and scale the capability across the business.
Determine the technology best suited for your key issues.
Develop Repeatable Model and Enable Workforce
Build scalable processes and approaches that the organisation can leverage to run a best practice environment.
customer success story
A success story with a leading financial service provider in South Africa
DATA GOVERNANCE RESOURCES
Decision Inc. optimises the customer service of a global beverage conglomorat through its data quality programme
A global brewing and beverage conglomerate improved its customer service levels significantly, thanks to the implementation of the Decision Inc. data quality programme. This programme provided the client with complete visibility of its master data landscape. It highlighted errors and incomplete data sets to improve the accuracy of customer location data. Ultimately this resulted in more accurate tracking of orders and massive cost savings.
The meaning of the data-driven organisation has changed. Today, the true value of data lies in analytics and intelligence – but without sound data governance, your data could be nothing but disparate information.
A data governance framework is the collection of rules, processes, and role delegations that ensure privacy, structure, and compliance in a company’s enterprise data management. These work in unison to enable data to be well organised and maintained, searchable, and meet all required regulations.
Choosing the right data governance approach results in trustworthy, compliant data that drives the business forward quickly. Data has become one of an organisation’s biggest assets. But many businesses aren’t using their data well and it’s hurting their effectiveness and profitability.
Strategy without governance is nothing more than a wish list. Every day, businesses produce and collect massive amounts of data – more than ever before. This data is essential for making informed decisions, but it can only be used effectively if it’s properly governed. To ensure that your strategy is executed successfully, you need to put in place a data governance framework.. This framework will help to align the data with the business goals and objectives.
Decision Inc. successfully completes the re-build of an SAP BPC Consolidation solution for Greencore PLC. The rebuild of the solution focused on the standard deployment of core SAP BPC functions and establishing strong processes.