As the amount of data we generate continues to increase exponentially, it’s becoming increasingly important to have systems in place to ensure that this data is managed effectively.
For businesses worldwide, data is the lifeblood of their operations, and it’s essential that this data is accurate, up-to-date, and compliant with all relevant regulations.
This is where automated data governance comes in. CEOs and entrepreneurs of every industry realize they need to invest in data management solutions that can automate the process of governing their data. By automating these processes, businesses can reduce the risk of human error, save time and money, and ensure that their data is always compliant.
But what exactly is automated data governance? And how can it benefit your business? We asked expert Mark Stiffler to explain.
What is Automated Data Governance?
Automated data governance (ADG) is the use of technology to streamline the process of governing data. It helps organizations manage their data more effectively and efficiently by automating data collection, analysis, and reporting. This automation allows organizations to make better decisions about using their data and ensures compliance with all relevant laws and regulations.
Moving Past Manual Processes
There are several reasons why your business needs automated data governance. First, manual processes are insufficient in today’s fast-paced, digital world. In addition, manually processing data is error-prone and time-consuming. There’s too much data for manual processes to keep up with. And there’s too much at stake to rely on human error.
For example, if your physical therapy office wants to track patient progress, you can’t simply rely on someone inputting data into a spreadsheet every time a patient comes in for a session. Automation is the only way to ensure your data is managed effectively and efficiently. You need a system that automatically collects data from each session and analyzes it to provide insights into patient progress. This data can then be used to inform treatment plans and improve outcomes.
Compliance Made Easy
Another benefit of automated data governance is that it makes compliance more manageable. Organizations must comply with a variety of laws and regulations, such as the General Data Protection Regulation (GDPR), the Sarbanes-Oxley Act (SOX), and the Health Insurance Portability and Accountability Act (HIPAA). These regulations can be complex, making it difficult for organizations to keep up.
Automated data governance can help organizations comply with these regulations by automating collecting, analyzing, and reporting on data. This automation ensures that organizations have the most up-to-date information on their data and makes it easier to comply with changing regulations.
Higher Quality Data
Automated data governance can help you to improve the quality of your data. Data quality is essential for making accurate decisions about your business. Automated data governance can help you improve your data quality by automating the process of collecting, cleaning, and storing data.
This automation ensures that your data is always accurate and up-to-date, which makes it easier to make informed decisions about your business. Mark Stiffler believes that accurate data is the foundation of any successful business.
For example, a cereal manufacturer needs to track the sugar amount in each cereal batch. The manufacturer can use automated data governance to collect data on each batch’s sugar content automatically. This data can then be analyzed to ensure that the cereal meets all regulatory requirements and is of the highest quality.
Improved Decision Making
In addition to making compliance easier, automated data governance can help you make better decisions about how to use your data. By automating the process of collecting and analyzing data, ADG provides you with a comprehensive view of your data. This insight allows you to make informed decisions about using your data to improve your business.
For example, you can use ADG to track customer behaviors and preferences at a local coffee shop to improve your marketing efforts. If the top seller is cold brew coffee, you can use this information to target your marketing to feature cold brew coffee more prominently.
ADG can also help you to identify trends in your data. If you notice that sales of cold brew coffee are increasing from your marketing choices, you can use this information to adjust your inventory levels. You can improve your sales and profits by keeping your best sellers in stock and lowering your inventory of less popular items.
Better Data Management
Finally, automated data governance can help you to manage your data more effectively. Data management is a critical part of any business, but tracking all the data your organization generates can be challenging. ADG can help you manage your data more effectively by automating data collection, storing, and accessing.
This automation ensures that your data is always organized and accessible, making it easier to find and use the information you need. By staying organized, your team can spend less time looking for data and more time using it to improve your business.
Automated data governance is critical for any organization that wants to improve its data quality and make better decisions about using its data. ADG can help you overcome challenges in manual data governance, compliance, and management.
Consider automated data governance if you’re looking for a way to improve your data governance. It can help you to save time, money, and resources while making your data governance more effective.