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Governance as a
“painkiller”
A Business-First Approach to Data Governance
Sam Darmo – Senior Sales Engineer
The global leader in data in action
Trust your data. Build your possibilities.
Our data integrity software and data enrichment products
deliver accuracy and consistency to power confident
business decisions.
Brands you trust, trust us
Data leaders partner with us
of the Fortune 100
99
Customers in more than
100
2,500
employees
customers
12,000
countries
Data integrity is…
data with maximum
accuracy, consistency,
and context for confident
business decision-making
Data
Integrity
LOCATION
QUALITY
GOVERNANCE
ENRICHMENT INTEGRATION
Your unique data
integrity journey
will reflect your
business
needs
Data
Integrity
Data integrity
is a journey
• Every journey to data integrity is unique and driven
by business initiatives
• Market trends are accelerating the need for data
integrity
• Precisely addresses needs across the data integrity
journey
The Precisely Data Integrity Suite
unites the steps to data integrity
that unlock incremental value
Governance as a “painkiller”
How to Build “Business-First” Data
Governance?
What is the challenge?
• Business has a goal in mind
• IT who manage data have systems
• How do we bring them together?
“We need to
govern our data!”
A Typical Governance Story
LEADERSHIP
DATA
GOVERNANCE
TEAM
BUSINESS
USERS
DATA
GOVERNANCE
TEAM
BUSINESS
USERS
LEADERSHIP
INCITING
EVENT
Governance
spends more
time fighting
data fires
Business
quickly loses
interest; stops
attending
meetings
Program
investment is
deprioritized
Asked to
help with
definitions,
approvals, and
ownership
Team is
tasked with
putting
program in
place
Exec calls for
a data
governance
program
“We need to get the
business involved!”
“How does this help
me do my job?”
“We’re spending a lot more
time fighting data fires.
We need more meetings…”
“These meetings are
a waste of time!”
“I’m not seeing
the ROI”
Successful programs
link Data Governance to business goals
Business goals inform your steps
Data to
minimize risk
Data to
deliver insights
Data to
run the business
REPORTING & COMPLIANCE ANALYTICS & INSIGHTS OPERATIONAL EXCELLENCE
Data protection
Risk and fraud
Privacy
Safety
Regulatory compliance
Internal reporting
Net Promoter Score
Website traffic
Targeted marketing
Customer retention
Buying patterns
Customer 360° view
Optimize working capital
Enhance customer care
Facilitate M&A
Lower operating expenses
Increase service levels
Reduce attrition
How data drives Financial Services
Data to
minimize risk
Data to
deliver insights
Data to
run the business
REPORTING & COMPLIANCE ANALYTICS & INSIGHTS OPERATIONAL EXCELLENCE
Data protection
Risk and fraud
Privacy
Safety
Regulatory compliance
Internal reporting
Net Promoter Score
Website traffic
Targeted marketing
Customer retention
Buying patterns
Customer 360° view
Optimize working capital
Enhance customer care
Facilitate M&A
Lower operating expenses
Increase service levels
Reduce attrition
Mapping data governance to business value
Goal Org Stakeholders Expected Outcomes DG Objective DG Capabilities
Improve
personalization of
customer products
and services
• Marketing
• Sales
• Finance
• Increase NPS by 5%
• 17%+ repeat customer
purchases
• 11% reduced churn
• Establish a common
view of trusted
customer data assets
• Data Catalog
• Data Lineage
• Approval Workflow
• Data Integrity rules
Accurate and timely
credit-risk analysis
• Underwriting
• Loan office
• Finance
• 10% reduction in
expected loss
• 20% lower Probability
of Default
• Establish stage gates,
rules, policies, and
quality measures
across credit risk
analysis process
• Analytics governance
• Model analysis
• Data quality metrics
Increase user
productivity by
improving time-to-
insights
• Business Analytics
• IT
• Data Office
• Improve decision-
accuracy by 22%
• Reduce time-to-insight
by 45%
• Launch data literacy
campaign across
business data SMEs
• Data lineage
• Data Catalog
• Automated workflow
Mitigate risk and
facilitate regulatory
compliance and
reporting
• Compliance Office
• Finance
• IT
• 10% improvement to
Reputation Index
• 15% reduction in
regulatory fines and
settlements
• Establish risk and
control framework
for regulatory
drivers
• PII detection
• Data monitoring
• Access control
Governance as a “painkiller” and “vitamin”
Goal DG Objective DG Capabilities
Improve
personalization of
customer products
and services
• Establish trusted view
of customer data
assets
• Data Catalog
• Data Lineage
• Approval Workflow
• Data Integrity rules
Accurate and
timely credit-risk
analysis
• Underwriting
• Loan office
• Finance
• •10% reduction in
expected loss
• •20% lower
Probability of Default
Increase user
productivity by
improving time-to-
insights
• Launch data literacy
campaign across
business data SMEs
• Data lineage
• Data Catalog
• Automated workflow
Mitigate risk and
facilitate regulatory
compliance and
reporting
• Establish risk and
control framework for
regulatory drivers
• PII detection
• Data monitoring
• Access control
Centralized collection
of customer data
elements used for
marketing and
promotion
Data profile providing
additional context on
volume, counts,
location, and contents
Data lineage flow of
upstream/downstream
relationships
Impact analysis to
business processes,
metrics, and analytics
Approved governance
ownership indicating
data is certified for
access and use
Automated approval
workflow to grant
access to data at
source
Data integrity metrics
to indicate data that is
accurate, consistent,
and trusted
Quality monitoring to
trigger notifications
below acceptable
values
P A I N K I L L E R
“ M u s t H a v e s ”
V I T A M I N
“ B o n u s ”
Takeaways
• Link data governance program
initiatives to higher-level
business goals, stakeholders,
and business outcomes
• Identify data governance
capabilities that directly serve as
both painkillers and vitamins to
protect and grow the business
Successful programs
prioritise the data that matters
Not all data is created equal
95% of
business
results
5% results
Data Governance
programs that
prioritise critical
data have 5x faster
time-to-value
~5% critical data
95% all other data
Focusing on what matters (critical data adding value)
Data
Selection of data maintained at the system
level (tables and fields)
Information
Information required to run the business
and conduct daily operations
KPIs / Performance Measures / Analytics
Measuring process effectiveness & enabling
sound business decisions
Actionable Insights & Business Value
Strategic enterprise and organizational
business value drivers
CRITICAL DATA
Prioritising what matters
Goal Org Stakeholders Expected Results DG Objective DG Capabilities
Improve
personalisation
of customer
goods and
services
Marketing
Sales
Finance
• Increase referrals
by 5%
• 17%+ repeat
customer
purchases
• 11% reduced churn
• Establish a
common view of
trusted customer
data
• Data Catalog
• Data Lineage
• Approval
Workflow
• Data Integrity
rules
“We need to
personalise our
outreach to
reduce churn.”
Takeaways
• Save time and effort by
prioritizing critical data
• Establish ownership and
visibility to critical data that
impacts decision-making
and compliance/risk
Successful programs
build engagement across three levels
Operational
Bridging the gap between business & IT
Strategic
Tactical
e.g., KPIs / metrics,
strategic programs,
data privacy & protection
e.g., product development,
planning, sourcing,
manufacturing
e.g., data migrations, system
implementations, data
science & engineering
Critical data that drives
business processes
and operations
Grow the Business
Critical data assets that have
operational, compliance and
analytical business impacts
Run the Business
Critical information driving
business goals, objectives,
KPIs, and metrics
Transform the Business
Value metrics across three levels
Strategic
• Business Transformation Lead
• CDO / Data & Analytics Lead
• CIO
Value Metrics: Business Impact / ROI
• Process enablement
• KPI’s / PPI’s
Value Metrics: Performance Improvement
• Data Quality
(e.g. Accuracy)
• # of touches
Value Metrics: Efficiency & Effectiveness
• Volume / counts
• Completeness
• Accessibility
• Curation times
• Scale (# Systems managed)
• Data Error % (Rework %)
• Cycle time vs SLA’s
• Timeliness / availability
• Customer sentiment
• Project acceleration
Operational
• Business Process Lead
• Data Governance Lead
• Data Management Lead
• Information Architect
Tactical
• Business Data SME
• Data Analyst / Scientist
• Data Steward
• Data Maintenance & Quality
• Data Engineer
The Value Story
• Catalog assets
• Terms defined
• Quality rules developed
• Data owners identified
• Issue requests
Tactical Value Metrics (Inputs)
• FTE Productivity
• Data Literacy index
• Adoption / NPS
• Cycle time
• Data sharing
Strategic Value Metrics (Outcomes)
• Our supplier data setup process has
decreased by 25%...
• We’re able to identify top 20 vendors
33% faster for contract renegotiations…
• And we’ve increased FTE productivity
by 20% due to data self-service …
• We’ve catalogued 10,000 supplier data assets…
• Defined the top 50 critical supplier terms …
• Aligned on key rules and policies for each…
• And our data quality is showing 90+% accuracy
and consistency for supplier spend data…
Value metrics come together at each level to tell a complete story that resonates.
As a result…
Lead to
Takeaways
• Communicate governance value
across three levels – Strategic,
Operational, and Tactical
• Quantify business impact with
value metrics that resonate
across each level
Successful programs
embed governance in the business
Proper data governance removes friction
• Meetings
• Surveys
• Approvals
• Procedures
Why aren’t people
coming to my monthly
governance meetings?
Bowling alley
framework
• Make it easy for business teams to
contribute and get engaged
• Embed governance in their
everyday activities and tasks
• Invest in tools that promote
collaboration for all users
Bowling alley framework
Shared Goals
Launch
Engagement bumpers Solution bumpers
• Personalized onboarding
• Governance bootcamps
• Recurring newsletters
• Leadership endorsements
• Governance ambassadors
• Platform training videos
• Business-friendly UX
• Targeted Recommendations
• Progress scorecards
• Data Integrity dashboards
Data Catalog
Scavenger Hunt
Increased platform
adoption by 36%
Explainer Videos
Improved DG Council
attendance by 52%
Steward
Gamification
Increased workflow
speed by 18%
Craig
Takeaways
• Clear a path to your stakeholder’s
desired outcomes
• Make it easy for stakeholders to
contribute to a strong data culture
Business-first approach
• Link Data Governance to
business goals
• Prioritise the data that matters
• Build stakeholder engagement
across three levels
• Embed governance in everyday
business tasks
Benefits of a
business-first
approach
Accelerate program
roll-out by 18-40%
Increase likelihood of
reinvestment by over 75%
Generate 2-7x greater ROI
Questions?
precisely.com/solution/data-governance-solutions

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Governance as a "painkiller": A Business First Approach to Data Governance

  • 1. Governance as a “painkiller” A Business-First Approach to Data Governance Sam Darmo – Senior Sales Engineer
  • 2. The global leader in data in action Trust your data. Build your possibilities. Our data integrity software and data enrichment products deliver accuracy and consistency to power confident business decisions. Brands you trust, trust us Data leaders partner with us of the Fortune 100 99 Customers in more than 100 2,500 employees customers 12,000 countries
  • 3. Data integrity is… data with maximum accuracy, consistency, and context for confident business decision-making Data Integrity
  • 4. LOCATION QUALITY GOVERNANCE ENRICHMENT INTEGRATION Your unique data integrity journey will reflect your business needs Data Integrity Data integrity is a journey • Every journey to data integrity is unique and driven by business initiatives • Market trends are accelerating the need for data integrity • Precisely addresses needs across the data integrity journey The Precisely Data Integrity Suite unites the steps to data integrity that unlock incremental value
  • 5. Governance as a “painkiller” How to Build “Business-First” Data Governance?
  • 6. What is the challenge? • Business has a goal in mind • IT who manage data have systems • How do we bring them together?
  • 7. “We need to govern our data!” A Typical Governance Story LEADERSHIP DATA GOVERNANCE TEAM BUSINESS USERS DATA GOVERNANCE TEAM BUSINESS USERS LEADERSHIP INCITING EVENT Governance spends more time fighting data fires Business quickly loses interest; stops attending meetings Program investment is deprioritized Asked to help with definitions, approvals, and ownership Team is tasked with putting program in place Exec calls for a data governance program “We need to get the business involved!” “How does this help me do my job?” “We’re spending a lot more time fighting data fires. We need more meetings…” “These meetings are a waste of time!” “I’m not seeing the ROI”
  • 8. Successful programs link Data Governance to business goals
  • 9. Business goals inform your steps Data to minimize risk Data to deliver insights Data to run the business REPORTING & COMPLIANCE ANALYTICS & INSIGHTS OPERATIONAL EXCELLENCE Data protection Risk and fraud Privacy Safety Regulatory compliance Internal reporting Net Promoter Score Website traffic Targeted marketing Customer retention Buying patterns Customer 360° view Optimize working capital Enhance customer care Facilitate M&A Lower operating expenses Increase service levels Reduce attrition
  • 10. How data drives Financial Services Data to minimize risk Data to deliver insights Data to run the business REPORTING & COMPLIANCE ANALYTICS & INSIGHTS OPERATIONAL EXCELLENCE Data protection Risk and fraud Privacy Safety Regulatory compliance Internal reporting Net Promoter Score Website traffic Targeted marketing Customer retention Buying patterns Customer 360° view Optimize working capital Enhance customer care Facilitate M&A Lower operating expenses Increase service levels Reduce attrition
  • 11. Mapping data governance to business value Goal Org Stakeholders Expected Outcomes DG Objective DG Capabilities Improve personalization of customer products and services • Marketing • Sales • Finance • Increase NPS by 5% • 17%+ repeat customer purchases • 11% reduced churn • Establish a common view of trusted customer data assets • Data Catalog • Data Lineage • Approval Workflow • Data Integrity rules Accurate and timely credit-risk analysis • Underwriting • Loan office • Finance • 10% reduction in expected loss • 20% lower Probability of Default • Establish stage gates, rules, policies, and quality measures across credit risk analysis process • Analytics governance • Model analysis • Data quality metrics Increase user productivity by improving time-to- insights • Business Analytics • IT • Data Office • Improve decision- accuracy by 22% • Reduce time-to-insight by 45% • Launch data literacy campaign across business data SMEs • Data lineage • Data Catalog • Automated workflow Mitigate risk and facilitate regulatory compliance and reporting • Compliance Office • Finance • IT • 10% improvement to Reputation Index • 15% reduction in regulatory fines and settlements • Establish risk and control framework for regulatory drivers • PII detection • Data monitoring • Access control
  • 12. Governance as a “painkiller” and “vitamin” Goal DG Objective DG Capabilities Improve personalization of customer products and services • Establish trusted view of customer data assets • Data Catalog • Data Lineage • Approval Workflow • Data Integrity rules Accurate and timely credit-risk analysis • Underwriting • Loan office • Finance • •10% reduction in expected loss • •20% lower Probability of Default Increase user productivity by improving time-to- insights • Launch data literacy campaign across business data SMEs • Data lineage • Data Catalog • Automated workflow Mitigate risk and facilitate regulatory compliance and reporting • Establish risk and control framework for regulatory drivers • PII detection • Data monitoring • Access control Centralized collection of customer data elements used for marketing and promotion Data profile providing additional context on volume, counts, location, and contents Data lineage flow of upstream/downstream relationships Impact analysis to business processes, metrics, and analytics Approved governance ownership indicating data is certified for access and use Automated approval workflow to grant access to data at source Data integrity metrics to indicate data that is accurate, consistent, and trusted Quality monitoring to trigger notifications below acceptable values P A I N K I L L E R “ M u s t H a v e s ” V I T A M I N “ B o n u s ”
  • 13. Takeaways • Link data governance program initiatives to higher-level business goals, stakeholders, and business outcomes • Identify data governance capabilities that directly serve as both painkillers and vitamins to protect and grow the business
  • 15. Not all data is created equal 95% of business results 5% results Data Governance programs that prioritise critical data have 5x faster time-to-value ~5% critical data 95% all other data
  • 16. Focusing on what matters (critical data adding value) Data Selection of data maintained at the system level (tables and fields) Information Information required to run the business and conduct daily operations KPIs / Performance Measures / Analytics Measuring process effectiveness & enabling sound business decisions Actionable Insights & Business Value Strategic enterprise and organizational business value drivers CRITICAL DATA
  • 17. Prioritising what matters Goal Org Stakeholders Expected Results DG Objective DG Capabilities Improve personalisation of customer goods and services Marketing Sales Finance • Increase referrals by 5% • 17%+ repeat customer purchases • 11% reduced churn • Establish a common view of trusted customer data • Data Catalog • Data Lineage • Approval Workflow • Data Integrity rules “We need to personalise our outreach to reduce churn.”
  • 18. Takeaways • Save time and effort by prioritizing critical data • Establish ownership and visibility to critical data that impacts decision-making and compliance/risk
  • 20. Operational Bridging the gap between business & IT Strategic Tactical e.g., KPIs / metrics, strategic programs, data privacy & protection e.g., product development, planning, sourcing, manufacturing e.g., data migrations, system implementations, data science & engineering Critical data that drives business processes and operations Grow the Business Critical data assets that have operational, compliance and analytical business impacts Run the Business Critical information driving business goals, objectives, KPIs, and metrics Transform the Business
  • 21. Value metrics across three levels Strategic • Business Transformation Lead • CDO / Data & Analytics Lead • CIO Value Metrics: Business Impact / ROI • Process enablement • KPI’s / PPI’s Value Metrics: Performance Improvement • Data Quality (e.g. Accuracy) • # of touches Value Metrics: Efficiency & Effectiveness • Volume / counts • Completeness • Accessibility • Curation times • Scale (# Systems managed) • Data Error % (Rework %) • Cycle time vs SLA’s • Timeliness / availability • Customer sentiment • Project acceleration Operational • Business Process Lead • Data Governance Lead • Data Management Lead • Information Architect Tactical • Business Data SME • Data Analyst / Scientist • Data Steward • Data Maintenance & Quality • Data Engineer
  • 22. The Value Story • Catalog assets • Terms defined • Quality rules developed • Data owners identified • Issue requests Tactical Value Metrics (Inputs) • FTE Productivity • Data Literacy index • Adoption / NPS • Cycle time • Data sharing Strategic Value Metrics (Outcomes) • Our supplier data setup process has decreased by 25%... • We’re able to identify top 20 vendors 33% faster for contract renegotiations… • And we’ve increased FTE productivity by 20% due to data self-service … • We’ve catalogued 10,000 supplier data assets… • Defined the top 50 critical supplier terms … • Aligned on key rules and policies for each… • And our data quality is showing 90+% accuracy and consistency for supplier spend data… Value metrics come together at each level to tell a complete story that resonates. As a result… Lead to
  • 23. Takeaways • Communicate governance value across three levels – Strategic, Operational, and Tactical • Quantify business impact with value metrics that resonate across each level
  • 25. Proper data governance removes friction • Meetings • Surveys • Approvals • Procedures Why aren’t people coming to my monthly governance meetings?
  • 26. Bowling alley framework • Make it easy for business teams to contribute and get engaged • Embed governance in their everyday activities and tasks • Invest in tools that promote collaboration for all users
  • 27. Bowling alley framework Shared Goals Launch Engagement bumpers Solution bumpers • Personalized onboarding • Governance bootcamps • Recurring newsletters • Leadership endorsements • Governance ambassadors • Platform training videos • Business-friendly UX • Targeted Recommendations • Progress scorecards • Data Integrity dashboards
  • 28. Data Catalog Scavenger Hunt Increased platform adoption by 36% Explainer Videos Improved DG Council attendance by 52% Steward Gamification Increased workflow speed by 18% Craig
  • 29. Takeaways • Clear a path to your stakeholder’s desired outcomes • Make it easy for stakeholders to contribute to a strong data culture
  • 30. Business-first approach • Link Data Governance to business goals • Prioritise the data that matters • Build stakeholder engagement across three levels • Embed governance in everyday business tasks
  • 31. Benefits of a business-first approach Accelerate program roll-out by 18-40% Increase likelihood of reinvestment by over 75% Generate 2-7x greater ROI