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Data Governance

What Is Data Governance? The Simple Definition

A set of practices and procedures for managing an organization’s data, including how data is acquired, how it’s used, and how it’s retained. A data governance program should cover how data is made secure, private, accurate, available, and usable.

The Technical Definition

Data governance is a comprehensive framework that involves defining and implementing policies, procedures, and controls to manage and ensure the quality, security, privacy, and compliance of data within an organization.

It encompasses data management practices, data stewardship, data access, data usage, and data lifecycle management to maximize the value of data assets while minimizing risks.

Explain It Like I’m Five

Data governance is like having a special person in charge of making sure all our important information, like secrets, pictures, and important numbers, is kept safe and doesn’t get mixed up. They make sure we use it nicely, like sharing toys with friends, and keep it in the right place so we can find it when we need it.

Use It At The Water Cooler

How to use “data governance” in a sentence at work:

“Effective data governance is essential for our organization to ensure that sensitive customer information is protected, data quality is maintained, and compliance with data regulations is upheld.”

Related Terms

Machine Learning

Additional Resources

New York DFS AI Regulation, What Insurers Need To Know

New York DFS AI Regulation, What Insurers Need To Know

A must-read for insurance professionals. Instead of combing through pages and pages of legislation, this overview highlights everything you need to know. Understand fairness principles, and what is required for regulatory compliance for insurers licensed in New York. Stay informed about the best practices in AI governance to prevent discrimination and ensure transparency in insurance processes.

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