A data governance tool can help organizations establish transparent, reliable and standard procedures and processes that handle data throughout their business. These tools facilitate the implementation of governance policies and best practices. They provide an automated and comprehensive workflow for the assessment of data quality and correction, assist in data migration, allow companies to track data lineage and create frameworks that balance the utility of data with data security.
When selecting a data governance tool, you https://ecodataroom.com/importance-of-online-data-rooms-in-mergers-and-acquisitions/ must be aware of how user-friendly it can be and how it will integrate into an existing ecosystem without disrupting workflows or requiring extensive IT support. It’s also worth considering features that enable organizations to automate access control and privacy requirements and maintain a centralized audit trail that is compliant with regulatory compliance obligations.
The best tool should not only provide a unified interface for all data governance and management processes within an organization, but also be flexible enough to scale with the growth of the business and changes in the use of data. Other key considerations include the flexibility of licensing models and low total cost ownership, and robust integrations.
A popular choice is the SAP Master Data Governance (MDG) tool, part of the SAP Business Technology Platform. The tool, previously called Erwin Data Intelligence, by Quest Software, combines separate products for data catalog, data literacy and data governance into one suite. It comes with built-in data management policies as well as a stewardship program and roles-based views to make data more accessible. It is equipped with automated functions for harvesting and cataloging metadata, performing data profiling and mapping lineage.