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Typical challenges of managing data governance framework:

Important data can be duplicated, poorly formatted, inconsistent, invalid or incomplete
Big Data stored across multiple systems
Data owners have lack of resources, time, money, knowledge
Difficulty ensuring that customer sensitive data can be deleted on request
Difficulty measuring the extent of the data assets problem
Poor data security
Lack of roles and responsibilities for who controls the data within the business

Successful data governance framework will help:

Ensure compliance with standards and regulations, training all data stewards in government requirements
Avoid the costly penalties of data non-compliance, nominate an employee who is responsible for the data, ensuring that data governance program is being complied.
Boost efficiency and effectiveness of internal processes, supporting data protection
Build trust in your data by following data governance initiative
By providing processes that have been set by data governance institute you facilitate good quality decision making, fuelled by accurate reporting
Provide a competitive advantage thanks to its leaner, more agile approach
Improve staff morale
Enhance customer relationships
Prevent the development of costly workarounds

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