By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics in sports industry
    Here’s How Data Analytics In Sports Is Changing The Game
    6 Min Read
    data analytics on nursing career
    Advances in Data Analytics Are Rapidly Transforming Nursing
    8 Min Read
    data analytics reveals the benefits of MBA
    Data Analytics Technology Proves Benefits of an MBA
    9 Min Read
    data-driven image seo
    Data Analytics Helps Marketers Substantially Boost Image SEO
    8 Min Read
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Why Data Governance Agreement Matters to Data Analytics
Share
Notification Show More
Latest News
data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security
ai in software development
3 AI-Based Strategies to Develop Software in Uncertain Times
Software
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Quality > Why Data Governance Agreement Matters to Data Analytics
Data Quality

Why Data Governance Agreement Matters to Data Analytics

Brett Stupakevich
Last updated: 2010/10/26 at 11:55 AM
Brett Stupakevich
2 Min Read
SHARE

j04051381 150x150 photo (data analytics)

j04051381 150x150 photo (data analytics)

Yet another report on the clash between the business and IT side of the house came out last week in the survey released by the Compliance, Governance and Oversight Council (CGOC) on data retention and disposal. According to Information Management’s article on the survey, less than 25 percent of large corporations (Global 1000) can fully complete their data retention and disposal objectives.

More Read

supply chain analytics

Automotive Industry Uses Analytics To Solve Pressing Supply Chain Issues

How can CIOs Build Business Value with Business Analytics?
Seven Benefits of Using AI to Perform Text Analysis
7 Data Lineage Tool Tips For Preventing Human Error in Data Processing
Data Analytics Plays a Vital Role in Teacher Verification Software

The survey points to the age-old problem that different departments have different requirements for how they deal with data. Most often, the survey participants blamed old systems and lack of corporate support for a single method of governing data. 

Eight-five percent of companies think that working together to manage data is critical to success, but business, IT and even legal are still pointing fingers, according to the report.

This age-old problem affects your use of data for business decision-making because it’s arguments like these that keep projects such as an across-the-board BI strategy on hold. What’s even more startling about the disconnects in data governance is that “77 percent of companies’ schedules were not electronically usable or still relegated to paper documents.” And, this is causing these businesses to spend a significant portion of their revenue managing data that has “no legal, regulatory or business value.”

That money can be used for data analytics initiatives, for example, to make decisions that add to the revenue stream. In the Council’s press release on the report, Deidre Paknad, CGOC founder said the cost and risk of IT and the legal teams not getting on the same page about data governance are going to continue to rise as data volume rises.

Modernizing and agreeing on how to manage data is a step toward more fluid budgets and more money at the end of the day.

Amanda Brandon
Spotfire Blogging Team

Image Credit: Microsoft Office Clip Art

TAGGED: analytics
Brett Stupakevich October 26, 2010
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

supply chain analytics
Analytics

Automotive Industry Uses Analytics To Solve Pressing Supply Chain Issues

6 Min Read
Analytics

How can CIOs Build Business Value with Business Analytics?

8 Min Read
text analytics
Text Analytics

Seven Benefits of Using AI to Perform Text Analysis

9 Min Read
data lineage tool
Big Data

7 Data Lineage Tool Tips For Preventing Human Error in Data Processing

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?