Understanding Information Governance

With the amount of data that modern businesses need to contend with, having strong measures in place to manage it quickly becomes a priority. Implementing an information governance solution is a smart strategic step to maintaining control over all of your valuable and sensitive data, from the moment it’s created right through to its eventual disposal.

What is information governance?

Nowadays, data forms the basis of everything that happens in your organisation, so it should be considered a business asset just like any other. Accordingly, as you employ people to oversee your IT equipment, HR concerns such as development and leave, even the coffee supplies in your kitchen, having a data management system in place can make a tremendous difference.

Bring your customer data under control with information governance.Bring your customer data under control with information governance.

Information governance solutions can fill that need, overseeing all aspects of business information, from product and customer data to employee records, regulatory compliance and operational risk, among others. Taking into account security and privacy policies, information governance encompasses the entire lifespan of your data.

 

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Customers are at the heart of your enterprise. But their information is spread across all your systems. So it can be difficult to find everything you need to know to make decisions.
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Challenges of information governance

As with many necessary innovations, the path towards effective information governance isn’t always easy. Even smaller organisations hold a significant amount of data, and bringing it together into a more consistent, usable format can be a big task. Gartner has identified the three key challenges to information governance as:

  • Promoting behaviour change within the organisation to support a long-term governance programme.
  • Assigning a permanent “base of operations” for information governance, allowing easy access for all individuals within the business who might need to interact with data.
  • Ensuring ongoing commitment to the initiative, and identifying team members that are willing and able to dedicate themselves to business strategy.

Information governance encompasses the entire lifespan of your data assets.

You might notice a pattern in these three factors – the need to make information governance something that is supported by organisational culture. The most effective way to get everyone on board with the adjustments required is to clearly communicate the need for them, demonstrating the value that governance will have for the enterprise. 

 

Overcoming the difficulties

Getting your data under control may seem like a daunting task, but with the right guidance and advice, an information governance strategy can be devised and your organisation will soon see the benefits. Mastersoft helps businesses govern the entire lifecycle of their information, with a flexible approach that can be adapted to generate the most value. 

Speak to our team for a clearer understanding of how information governance can become a part of your business strategy, and a vital ingredient in achieving your goals.