Data governance and (hence) Metadata Management
Data is a strategic asset for businesses today and it is growing exponentially. Regulations like GDPR, BCBS 239, Basel 3 are making it extremely important for organisations to have full control over their data. Data governance is about availability, usability, integrity and security of data. Is this something new we are learning here? Actually, No! Data governance has been in place since years. Every system has some or other form of data governance in place. Documents and excel sheets are traditional form of data governance. Could be access control mechanism implemented at system level. Operational fields in a databases like created by/ updated by, are also part of this governance. Audit logs provides useful information for governance purposes. But is this sufficient? We are implementing new systems, new functionalities every day. Is the organisation working in silos where individual departments might have different standards? Is managing metadata centrally in excel she...