Many turn to the structure of cross-functional policies and controls, such as those defined by a governance framework. However, it is also under intense external scrutiny as regulatory agencies demand adherence and proof of compliance, security, and integrity of information. In addition, data as a valued asset is considered a leveraging force that can drive competitive differentiation and boost productivity. Pierce from the University of Arkansas at Little Rock, “Financial and physical assets are the best governed, and information assets are the worst governed, least understood, and most poorly utilized.”
However, not all data is treated the same: According to Elizabeth M. Today, digital systems are producing more and more data with a recognized value, and data governance is becoming increasingly desired and necessary.
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