When your data governance is flawed, you might experience the following:
👉 Data quality issues, data silos, and an inability to integrate data from various sources.
👉 Poor decision-making, making it difficult to gain insights and derive value from the data.
👉 Higher security breaches, data loss, and non-compliance with regulations.
👉 Legal and regulatory compliance issues, resulting in hefty fines and legal action.
Companies undergoing digital transformation can benefit from a robust data governance in the following ways:
✔ Equip their employees with data that allows them to make meaningful and informed decisions!
✔ They can effectively train AI models with veracity and confidence to provide the right outcomes.
✔ Armed with contextual insights, they can craft powerful workflows that make accurate predictions!
Nutshell:
A lack of a robust data governance program can impede progress in digital transformation initiatives.fuel finance-led reporting:
The implementation of data governance will be key to achieving success in the digital world!
As a management and technology consulting firm, Synvance guides businesses on their core transformational activities regarding their supply chain, from identification through business-as-usual.
