Decoding data governance, management, and stewardship

Are data governance and data management different? What roles do data stewards play? You might have several questions at this point. Let’s define these terms to help you understand the key differences and relationships between them.

Data governance is the comprehensive management of the availability, usability, integrity, and security of the data employed in an enterprise. It involves establishing methods, policies, and procedures to ensure the data is well-managed throughout its life cycle.

Consider a large multinational bank. In this context, data governance involves setting up robust policies and procedures to ensure the safety and accuracy of financial data. The bank needs to establish clear rules about who can access the data, how it can be used, and how it should be secured. These rules are enforced through a combination of technologies, processes, and people. The bank also needs to ensure that its data governance...