Data Governance is a data management process within enterprise systems managing the availability, usability, integrity, and security of data. Internal policies and standards are established to detail how data is gathered, stored, processed, and disposed of. This also includes the effective and efficient use of information through processes, roles, responsibilities, and metrics. Data governance establishes the people, technology, and methods enacted in certain situations, given specific data.
Most companies have more data than they know what to do with, data governance is how to manage it. Getting policies and procedures in place will only improve the efficiency of your company. Storing your data this way will ensure it is accurate and complete on a consistent basis. Accessing and gathering insights from said data will also be easier, saving time and money. The organization will also be able to make decisions based on your data faster and easier, setting your organization up for success. And risks will be minimized as security is improved, ensuring all that hard work is not wasted.