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Data Governance and
Data Quality Trends to
Inspire Action
Survey of 800+ Data and
Analytics Professionals
Housekeeping
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or audio, please reach out to us using the Q&A box
Questions Welcome
• Submit your questions at any time during the presentation
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follow-up via email
Recording and slides
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following the webinar with a link to the recording and slides
2
Today’s speakers
Emily
Washington
Senior Vice President,
Product Management, Precisely
Murugan
Anandarajan, PhD
Professor and Academic Director,
Center for Business Analytics at LeBow
Susan
Pawlak
Senior Product Marketing Manager,
Precisely
4
Methodology &
Demographics
5
• Companies over $500M+ revenue
• Titles
• Data driven industries
• Questions about data management
programs
• Subset of questions for companies
with data governance programs
6
75% say Data Quality is the
top goal for their data programs
39% say their organizations
do not measure data quality
enterprise-wide
Data Quality is the Goal
What are your organization’s
goals for data programs?
Leading Benefit of Data Governance is Data Quality
KEY FINDING
Improving data quality is the leading benefit organizations
receive from their data governance programs, an added
value that contributes to a range of critical business benefits.
7
Improved data quality is the
leading benefit derived from
data governance programs.
How has your data governance
program added value to the
organization?
(n=449)
56%
Higher quality of data analytics and insights
52%
Facilitated collaboration
50%
Faster access to relevant data
49%
Increased regulatory compliance
Key Findings
Conclusion
8
Data Governance
• For data to be used to derive value, it
needs to be trusted, which relates
directly to data quality - a key
component of data integrity.
• Data governance enables businesses
to understand and trust their data for
confident decision-making.
Data Governance
& Data Quality
Understanding Data Governance
10
Which components are included in your organization’s definition of data governance? (n=449)
Data Governance Leadership
11
Data Governance
Structure
12
• Dataversity refers to whether or not
a data governance program is
centralized, decentralized, or hybrid
• Organizations with decentralized
DG structures report a lower value
add than those with centralized or
hybrid structures
34%
13%
46%
7%
(n=449)
Organizational
Inspiration
For the purposes of this survey,
maturity stages for data governance
were defined as:
• Performed as part of
projects, with little consistency across
projects
• Performed consistently
across projects within a business unit
or line of business
• Performed consistently
across the enterprise using
established formalisms and tools
• Metrics and dashboards
are used to communicate and ensure
consistency across the enterprise
• A continuous
improvement program is in place
Data Governance Maturity
Trends in Data Governance and Data Quality
14
As Data Governance Maturity Evolves,
So Does Data Quality
How has your data governance program added value to the organization? (n=449)
Mature Programs Invest in Training
16
Obstacles to Address
17
46%
Cost
45%
Understanding the right organization approach
41%
Effective management tools
39%
Organizational support
28%
Justification/business case
18%
Executive support
What are the biggest obstacles facing your data governance program? (n=449)
63%
Say cultural
awareness and
adoption is the
biggest obstacle
their data
governance
programs face
Conclusions
• Quality data is crucial for business leaders
to make confident and reliable business
decisions.
• Data governance is a key factor in how
organizations achieve the quality of data
that leads to that trust.
•
18
Questions?
Our software, data enrichment products, and strategic
services deliver accuracy, consistency, and context in
your data, powering confident business decisions.
Brands you trust, trust us
20
Engaging a community of industry partners, faculty, and
students, LeBow's Center for Business Analytics convenes
the expertise of researchers, practitioners while preparing
the next generation of data-driven leaders.
Analytics Collaborations
• Student Data Analysis Projects
• Analytics Student Talent
• Industry Thought Leadership
• Data-driven competitions
• Collaborative Publishing
Download the full report
https://www.precisely.com/resource-center/analystreports/data-
professionals-speak-trends-in-data-governance-and-data-quality
More Information:
www.lebow.Drexel.edu
www.precisely.com
Thank you

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Data Governance and Data Quality Trends to Inspire Action

  • 1. Data Governance and Data Quality Trends to Inspire Action Survey of 800+ Data and Analytics Professionals
  • 2. Housekeeping Webinar Audio • Today’s webcast audio is streamed through your computer speakers • If you need technical assistance with the web interface or audio, please reach out to us using the Q&A box Questions Welcome • Submit your questions at any time during the presentation using the Q&A box. If we don't get to your question, we will follow-up via email Recording and slides • This webinar is being recorded. You will receive an email following the webinar with a link to the recording and slides 2
  • 3. Today’s speakers Emily Washington Senior Vice President, Product Management, Precisely Murugan Anandarajan, PhD Professor and Academic Director, Center for Business Analytics at LeBow Susan Pawlak Senior Product Marketing Manager, Precisely
  • 4. 4
  • 5. Methodology & Demographics 5 • Companies over $500M+ revenue • Titles • Data driven industries • Questions about data management programs • Subset of questions for companies with data governance programs
  • 6. 6 75% say Data Quality is the top goal for their data programs 39% say their organizations do not measure data quality enterprise-wide Data Quality is the Goal What are your organization’s goals for data programs?
  • 7. Leading Benefit of Data Governance is Data Quality KEY FINDING Improving data quality is the leading benefit organizations receive from their data governance programs, an added value that contributes to a range of critical business benefits. 7 Improved data quality is the leading benefit derived from data governance programs. How has your data governance program added value to the organization? (n=449) 56% Higher quality of data analytics and insights 52% Facilitated collaboration 50% Faster access to relevant data 49% Increased regulatory compliance
  • 8. Key Findings Conclusion 8 Data Governance • For data to be used to derive value, it needs to be trusted, which relates directly to data quality - a key component of data integrity. • Data governance enables businesses to understand and trust their data for confident decision-making.
  • 10. Understanding Data Governance 10 Which components are included in your organization’s definition of data governance? (n=449)
  • 12. Data Governance Structure 12 • Dataversity refers to whether or not a data governance program is centralized, decentralized, or hybrid • Organizations with decentralized DG structures report a lower value add than those with centralized or hybrid structures 34% 13% 46% 7% (n=449)
  • 14. For the purposes of this survey, maturity stages for data governance were defined as: • Performed as part of projects, with little consistency across projects • Performed consistently across projects within a business unit or line of business • Performed consistently across the enterprise using established formalisms and tools • Metrics and dashboards are used to communicate and ensure consistency across the enterprise • A continuous improvement program is in place Data Governance Maturity Trends in Data Governance and Data Quality 14
  • 15. As Data Governance Maturity Evolves, So Does Data Quality How has your data governance program added value to the organization? (n=449)
  • 16. Mature Programs Invest in Training 16
  • 17. Obstacles to Address 17 46% Cost 45% Understanding the right organization approach 41% Effective management tools 39% Organizational support 28% Justification/business case 18% Executive support What are the biggest obstacles facing your data governance program? (n=449) 63% Say cultural awareness and adoption is the biggest obstacle their data governance programs face
  • 18. Conclusions • Quality data is crucial for business leaders to make confident and reliable business decisions. • Data governance is a key factor in how organizations achieve the quality of data that leads to that trust. • 18
  • 20. Our software, data enrichment products, and strategic services deliver accuracy, consistency, and context in your data, powering confident business decisions. Brands you trust, trust us 20 Engaging a community of industry partners, faculty, and students, LeBow's Center for Business Analytics convenes the expertise of researchers, practitioners while preparing the next generation of data-driven leaders. Analytics Collaborations • Student Data Analysis Projects • Analytics Student Talent • Industry Thought Leadership • Data-driven competitions • Collaborative Publishing
  • 21. Download the full report https://www.precisely.com/resource-center/analystreports/data- professionals-speak-trends-in-data-governance-and-data-quality More Information: www.lebow.Drexel.edu www.precisely.com