Data Governance plays a pivotal role in the development of an enterprise-wide Master Data Management (MDM) strategy. Here's how:
* Role of Data Governance:
* Policy Development: Data Governance establishes policies and standards for data management to ensure data quality, security, and compliance.
* Data Stewardship: Assigns roles and responsibilities to manage and oversee data assets across the organization.
* MDM Strategy Support:
* Conceptual Data Model:
* Producing and managing an enterprise conceptual data model helps align the organization's data architecture with its business processes.
* It provides a unified view of data entities, their relationships, and how data flows through various systems, ensuring consistency and accuracy.
* Alignment with Business Goals: Ensures that MDM efforts support business objectives by providing a clear framework for data usage and governance.
* References:
* Data Management Body of Knowledge (DMBOK), Chapter 3: Data Governance
* DAMA International, "The DAMA Guide to the Data Management Body of Knowledge (DMBOK)"