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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

27 November 2024

Data Governance (Glossary)

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Data governance is particularly important in the areas of big data and smart data, digital transformation, cybercrime and cybersecurity.

Data governance means that companies define how they handle their data responsibly. This includes, for example, rules on who is authorised to access which data, how data is stored correctly and how its quality is ensured. The aim of data governance is to make data secure, trustworthy and usable.

A good example: an online shop collects a lot of customer data, such as names, addresses and purchasing behaviour. Data governance ensures that only authorised employees have access to sensitive information, that the data is regularly checked and updated and that everything is carried out in accordance with legal requirements. This is the only way to ensure that the data is used correctly and misuse is avoided.

With clear data governance, companies not only protect their data, but also strengthen the trust of their customers and increase their efficiency. Good handling of data is essential, especially when it comes to the use of large amounts of data and digitalisation.

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