Companies are increasingly aware of the importance of data. Many, however, still perceive data management as the IT department’s responsibility. As a result, there is little to no governance over how data is created or used outside of IT. In a world where customers expect consistency and privacy laws (GDPR) are growing more stringent, this can have far-reaching consequences. A typical scenario are users gathering and analyzing data with their own tools, only to complain about data quality to IT later on. It’s high-time to explore another approach.
The existence of a central source of truth and a common vocabulary will improve communication and collaboration.
The solution? Treat data as an asset, not only in words, but also in deeds. This comes down to three things: