Big Data is a hot topic throughout many organisations. We have
seen innovative organisations use data in new ways to achieve a
significant competitive advantage, in some cases acting as a
disruptive force to the traditional business models. Those who
don't keep up may be at significant disadvantage in the future.
Although some organisations are drawing up new strategies to take
advantage of the available data and drive business value, many are
failing to receive a return on their investment.
Data governance is used to help organisations manage their data,
enabling them to extract value through efficiency and insight. In a
world of Big Data, the need to implement robust data governance as
an essential component is crucial to overcome common failings and
leverage the potential of Big Data. There are a number of elements
which should be considered as part of this: