Data governance

Finally, the most important part of a modern data strategy is governance. Building a governance plan and documenting it can be a daunting task. It needs to be driven at the leadership level. A good place to start is to begin defining your business glossary and your data classification tags. These two alone can cover a huge portion of your data governance needs.

A business glossary is a standardized understanding of business terms that all employees can refer to and ensure that they are all talking in the same language. It helps remove ambiguity. By associating business glossary terms with data components, those consuming the data are able to understand the content. The term average order value (AOV) might mean different things to different people. But if you have a business glossary that defines what AOV means, then everyone can refer to it and have a common understanding.

Data classification is the process of classifying data into different sensitivity labels...