Data Management Vs Data Governance: 5 Things You Should Know About
In the realm of modern business, data has become an invaluable asset. Its effective management and governance are crucial for organizations aiming to derive insights, make informed decisions, and maintain regulatory compliance. However, amidst the jargon and complexities, the concepts of data management and data governance often get intertwined or confused. Let’s unravel these terms and explore five key differentiators between them. 1. Definition: Data Management: Data management encompasses the processes, policies, and practices that organizations implement to manage their data throughout its lifecycle. It includes activities such as data collection, storage, retrieval, and usage, focusing on ensuring data is accurate, accessible, and secure. Data Governance: Data governance, on the other hand, refers to the framework of policies, procedures, and standards that ensure data is properly managed, protected, and utilized in alignment with organizational goals and regulatory requirem...