Data Governance 2.0: Enabling Digitization and Analytics
Data Governance 1.0 Background
Data Governance 1.0 (DG 1.0), rooted in responding to the financial regulations that arose after the 2008 financial crisis, has failed us. The data around data governance tells a very sad story.
“Through 2022, only 20% of organizations investing in information governance will succeed in scaling governance for digital business.” – Gartner
Unfortunately, this has been the same story for a long time and data governance has rarely succeeded in enabling data strategies that aim to drive digital business transformation or competitive advantage with analytics. It’s more often something looked upon as a necessary hedge