Data Governance helps companies to define processes and policies for managing data. An ideal enterprise should follow a robust approach regarding the management of their data. Data Governance enables to boost data quality, data security and also to cut down the costs related to data management. Globally companies deal with increasingly diverse data at both higher volumes and speeds.
The importance of data is growing as everyone uses data to make decisions. Companies are focusing on analyzing large data sets, which help them to make winning business decisions. This data is stored in a tools known as a data repository and other popular names include data archive and data library.