Data Quality and Master Data Management
Accurate data is critical for efficient business processes and operations, and to inform decision-making, but there are significant challenges to protecting data and ensuring its accuracy. Almost nine in 10 organizations (89%) reported data-quality issues as being an impactful or very impactful barrier for their organization. At the same time, more than three-quarters of organizations (77%) reported improved data quality for decision-making as a benefit of investing in data governance. And almost two-thirds of organizations (63%) using data-quality tools hourly are very confident about their ability to govern and manage data across the business. A good data governance program includes processes for inventorying data assets in a data catalog, ensuring data quality, managing master data, and restricting access to, and use of, data.