creating a roadmap to develop, implement and maintain the program.analyzing existing state and identifying gaps.The process for creating a new data stewardship program or evaluating an existing one includes: Lowers cost in other data management areasīased on size, industry, or organization, the criticality of data needs, and the maturity of the data program, a company can have a single data steward or multiple stewards.Facilitates data-driven decisions based upon consistent, uniform data from throughout the company.Allows mapping of data sources, storage locations.Better risk-control related to legal, privacy, errors issues in data management.Provides efficient and effective data analytics with enhanced access and quality.Connects users from across the organization to work together in defining data, building context around data, raising questions, and clarifying roles and data owners.Improves data quality by streamlining processes, aligning users to build trust and confidence in data.Here are some of the major benefits that drive businesses to invest in data stewardship. They are of vital importance as they work across all levels of a company to maintain optimum efficiency and efficacy of data.ĭata Stewardship Benefits: Why Businesses Need to Invest in Data Stewardship?ĭata stewardship ensures enterprise users and stakeholders to leverage the best quality data. Data stewards do all this while adhering to data governance rules and policies. They constantly strive to educate users to make the most out of data and improve business decisions.Įmployees perform better in jobs with strong data stewards around. On the one hand, data stewards guard data against regulatory and reputational threats, and on the other hand, they are the main drivers who use data for strategic advantage. They are the link between data professionals and the users of the data. Data stewardship is a position of trust wherein both technical teams and business professionals in a company must have the utmost trust in their data steward. Employees cannot log in and retrieve data without permission from the data steward. Data stewards bring authority and accountability to the table and take ownership of organizational data. Inadequately maintained data can steer a company in the wrong direction, causing disastrous business results. Hence, the demand for data stewards is soaring across industries. As the importance of data as an asset continues to increase exponentially, organizations are under mounting pressure to ensure data safety, security, consistency, and quality. This task becomes particularly important when dealing with mission-critical or sensitive customer data that needs to be protected from falling into the wrong hands. Enabling the organization to utilize business data to gain a competitive advantageĪ data steward manages and coordinates every aspect that affects the quality and validity of data.Implementing rules and regulations for using data.Maintaining the transparency and accuracy of data.Ensuring data accessibility, usability, safety, and reliability.Knowing all data that the organization possesses.The role of data stewardship is to provide customers with high-quality data that can be easily accessed consistently.ĭata stewardship follows the data governance principles of an organization to ensure data quality and consistency. It involves managing and overseeing all aspects of the data lifecycle from creation, collection, preparation, and usage to data storage and deletion. Data stewardship is a collection of functions that ensure all data assets of an organization are accessible, usable, safe, and trusted.
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