Skip to main content

Data governance services and solutions

The first step to success is quality data.

Build your data governance strategy today

What is data governance and why is it important?

Data governance is the set of processes surrounding the management and usage of data, including how it is used, stored, accessed, and kept secure. While data governance rules and definitions should be unique to meet the needs of each organization, its standard framework is centered around the people, process, and technology required to make data fit for its intended purpose.

As businesses look to become data-driven and to leverage data insights, data governance will be critical to managing trusted data with confidence to drive operational excellence, compliance and regulations, and exceptional customer experiences. In fact, 79 percent of organizations either have data governance initiatives underway or it’s on the horizon.

What can data governance do for your organization?

  • Provide access to up-to-date, accurate data
  • Manage and mitigate compliance risks with regulatory initiatives
  • Reduce costs due to operational inefficiencies
  • Formalize your data quality activities and helps you embed them into business as usual

What are data governance services?

Data governance services involve a multi-faceted approach in order to collect, maintain, and use accurate data. Businesses need to implement practices that help keep data complete, accurate, and clean while ensuring that it is used, stored, and secured properly. These practices should involve:

  • A data governance team
  • Data cleansing tools
  • Data entry and management tools

Once these systems are in place, businesses should carry out steps like determining goals, defining metrics for success, creating roles for managing data and developing sustainable programs in order to promote the successful use of data. At Experian Data Quality, we provide data quality services for a multitude of industries, allowing them to take control of their data governance solutions. These industries include:

  • Advertising
  • Automotive
  • Energy
  • Financial Services
  • Healthcare
  • Public Sector
  • Telecommunications

Successful data governance projects start with accurate data

of companies feel they have some level of inaccurate data.

of companies have a data governance project planned in the next 12 months.

of companies have seen a return on investment from their data quality solutions.

* Source: 2019 Global Data Management Report

Data governance tools

When everyone has access to data and the proper tools to manage it, your business is able to grow and make data-driven decisions. Cleansing and standardizing your data so you’re confident it is valid, trusted, and formatted correctly will ensure reliable data is ready to abide and be maintained by your data governance rules.

Because data quality is the foundation of data governance, tools like email verification and phone verification are vital for maintaining an effective strategy. Real-time data entry tools are also important for making sure everyone is on the same page and that databases are complete with accurate data from the start. Tools that will help your businesses establish effective long-term policies include:

Why data governance needs quality data

If you think of data as water, data quality is the process to purify the water. Data governance helps ensure the right resources are responsible for the right aspects of the collection, purification, and distribution of the water. By focusing on the quality of your data first, you reduce the risk of half-baked data governance efforts that leave you chasing unnecessary issues or making inaccurate decisions. Starting with data quality gives you a strong foundation for you to have confidence in monitoring, auditing, and accessing your data.

To ensure your data is high quality, focus on making sure it is accurate, standardized, and fit for purpose. This way it can be used for governance initiatives, which supply the practices and tools your organization will use to ensure that you have data you can trust. Together, they help you maximize the value of your data and strengthen your competitive edge.

Data quality in the data governance process

Improving data quality is the first step towards better governance, data-driven insights, and a greater customer experience.

 Learn more about data quality management

Data Governance: How to get started

At Experian, we have the tools and expertise to help you build an effective data governance strategy. If you’re looking to advocate for data governance at your organization, you can follow our five-step blueprint to get your team on board. Check out our tip sheet for how to get started with data governance and best practices.

Get the data governance tip sheet
 

Getting ahead of the data governance game

Data is growing and diverging constantly, which results in an increasing urgency to implement a data governance framework. But the backbone to data governance is data quality. Governance programs and initiatives don’t work without data that is accurate, usable, and relevant. Turn to Experian data quality to find out where to start; we offer several tools to help you maintain data quality.

Talk to our data experts today to explore our data governance solutions and help you and your business achieve success in your data management strategies.