Master Data Governance (MDG):
Data
Governance is a quality control discipline for managing, using, improving and
protecting organizational information. Effective data governance enhances the
quality, availability, integrity, and protection of a company's data by
fostering cross-organizational collaboration and structured policymaking. Data
governance balances factional silos with organizational interest, directly
impacting the four factors every organization care about most:
Increasing
revenue
Lowering
costs
Reducing
risks
Increasing
data confidence
It is
an outcome-oriented approach to treating data as a balance sheet.
asset (value)
liability
(risk)
