What is the difference between data governance and IT governance?:
What is the difference between data governance and IT governance? DATE: 01 May 2009 In this MDM video, discover how and why data governance and IT governance are different and how to design a data governance and IT governance framework in your organization. Also hear data governance best practices advice and tips from MDM expert Jill Dyche.
Hannah Smalltree: And, what's the difference between data governance and IT governance?
Jill Dyché: Good question. Basically, data governance is the ability to manage an asset. And so in the case of IT, what we're doing is we're managing and governing our technology assets. And in the case of data, we're governing our data assets. It sort of begs the question, "What is an asset?" to begin with, because of us consultants and analysts are going "data is a corporate asset" but what does that mean?
There are actually four criteria of an asset and this applies to IT governance and to data governance. And those four criteria are:
The asset has value, number one.
Number two is that value is quantifiable, so not only is the asset valuable but we can actually quantify that value of that asset. The example I like to use is a trucking company. The truck, or its fleet of trucks, is an asset. So, they know that asset has value, they know what they bought the trucks for and they can quantify the on-going value of that asset, meaning they can actually look at depreciation costs on those trucks and understand the current value of that asset.
The third criteria of an asset is the asset helps the company achieve its strategic objectives. If you go back and look at that truck and the trucking company, that truck is delivering goods and services in a timely way. OK, so strategic realization there.
And the fourth criterion is that the asset requires specialized skills in order to develop and maintain it. Again, in the case of the trucking company, it takes specialized mechanics to actually maintain that fleet.
So if you actually look at those four criteria — the asset has value, the value is quantifiable, helps the company achieve its strategic objectives and requires specialized skills — data really is a corporate asset. We need to start investing in it proportionally to the other assets like our fleet, like our cash for that matter. And so, as executive start to get this they're starting to put the same type of processes around governing the data that we are governing IT, technology, fleets of trucks, etc.
Video: Tips for MDM change management VIDEO - In this MDM change management video, get advice and change management tips, learn why planning is key for culture change management and get best practices from our expert. ( Jul 13, 2009 )
How to approach culture change management for MDM VIDEO - Learn how to approach culture change management for master data management (MDM). Get tips, advice and insight on culture change management implementation and learn how to plan for ... ( Jul 13, 2009 )
Why is culture change management for MDM so difficult? VIDEO - Find out why culture change management for master data management (MDM) is a challenge. Also, learn about culture change management strategy and planning. ( Jul 13, 2009 )
Master data management adoption 'broad but shallow' ARTICLE - In the Gartner MDM Summit keynote, analysts fleshed out the current state of MDM adoption and told attendees that data governance could hold the key to MDM success. ( Oct 05, 2009 )
What exactly is data governance and what falls under ... EXPERT ANSWER - I just attended one of your conference keynotes. In it, you said that "just because its data doesn't mean it falls under data governance." I think we may be guilty of throwing ... ( Sep 15, 2009 )
Can we leverage existing data quality tools for an MDM ... EXPERT ANSWER - Can we leverage our existing data quality tool for our new master data management (MDM) program or do we have to buy a self-contained solution? ( Sep 15, 2009 )
What's the cost of developing PIM software internally ... EXPERT ANSWER - What will be the cost of developing product information management (PIM) software in-house compared to off-shoring software development? What else should we consider? ( Sep 15, 2009 )
Is it better to have a centralized or decentralized ... EXPERT ANSWER - I just have a quick question. Which do you think is better — to have the master data (sales, plant, material, finance) centralized or decentralized? I am just thinking it is ... ( Sep 15, 2009 )
TechTarget provides technology professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective purchase decisions and managing their organizations' technology projects - with its network of technology-specific websites, events and online magazines.
