Organizations that do not fully implement data governance experience problems th

Question

Organizations that do not fully implement data governance experience problems that affect the security and integrity of the data and cost the organization dearly in time and money. Some of these problems, as mentioned in your reading, are:

Multiple versions of the truth

Higher than necessary data management costs

No ownership or accountability of data

Internal audit concerns

Lack of understanding and use of the information

Loss of information credibility

Intensive manual information to respond to requests for information

Difficulty complying with regulatory requirements such as Sarbanes-Oxley

Management concerns about the quality of the information being used for decision making

In this Application, assess and explain how data governance would solve each of the problems listed above. Write a 2- to 3-page paper in which you explain, in greater detail, each problem listed above. Then, describe how implementing data governance processes would solve each problem. Identify which practice, operational requirement, policy, or standard could be used to address each problem.

Explanation / Answer

Data governance: it was a utensil to handle,utilize,sustaini ,estimate and securing the organisational information. data governor utilizes the data quality to display across the production data to interact mistakes in data again to operational team members.the main aims of this data governance are as below.

1.reducing the risk of serving fines.

2.removing the re_work.

Multiple versions of truth: they always influence the same data was arrested and assembled in a less discrete process with discrete systems.Each organisation must posses a business holder to restrict and prioritization .Often a IT Holder to escort the order and change management movements and process holder who might liable for security and increasing the production .

Higher than necessary data management costs: it ceases hugely to manage and preserve information moreover the extra information which torrents company for each year.

No ownership or accountability of data: possesing the ownership and accountability is the major constituent in a organisation security strategy which was tough.

lack of understanding and the use of information:awareness of information is a grease that offers a plane rotation of business wheels.the aim is to ensure i.e individuals are upskilled with skills and systems correctly also certified to good usage to elucidate the data which was gathered.

internal audit concerns: the operation of organisation wide and contain feilds like organisation governance,organisation risk and management controls.it is a substance to increase the organisation by offering insight and suggestions depending on research and evaluations of data.

Loss of information credibility: it simply shows that the amount you believe to keep the information which was acquired.whether it was admirable? if a company contain a trouble possesing information credibility which was initial of several step leaning to close up shop,no one intends to conducts through ambiguous data.Generally,company should confirm that data shown is faithful manner,crooked with fresh recurring data and handles correctly with management and governance sytem.

intensive manual information to respond to requests for information: suppose a company is unable to posses solid data management plan in a position it can pay out a thousands of dollars annoying to manually to informtion requests when annoying to level a plan to attach the issues at huge.

difficulty complying with regulatory requirements such as sarbanes-oxley: it will restrict the management duty to asses or not the scheme of business inner economic control structure can predict to notice a material incorrect report their economic environmemt.suppose the draft are produced to finish ,managements are not required to display the particulars such as accuracy of small cash reports ,extra little parts which are unlikely to influence the organisation total economic situation importantly.

managemnet concerns about the quality of information being used for decesion making: it was exact method to every toughness to posses a quality of information firewall that decents the information such as web traffic.more over unable to produce which firewall if unable to describe which high quality information appears in such a way.

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