What Is a Data Governance Tool?
A data governance tool is software that enables organizations to manage and govern their data assets. It involves creating and maintaining a central database of metadata for the company’s data assets, and automating procedures to enforce policies as well as ensure the quality of the data. It also includes establishing procedures for collecting and analyzing the data, identifying gaps and suggesting solutions. Data governance is a key aspect of a company’s data management strategy. It adds value for business users and assists them in achieving their goals for digital transformation.
The top-rated data governance tools are Collibra (formerly erwin Data Intelligence), Informatica and Talend. Each of them offers various features, including data catalogs, policy management, and visualization of data lineage, and Collibra also has the added benefit of a data-jumpstart service that can help organizations accelerate their data governance MDM and other projects.
Other key features include automation of the workflow for data stewardship and a glossary for data as well as metadata management. These capabilities allow a business to establish a common language, and increase collaboration within the organization. It can automate tasks and ensure that governance practices are regularly updated whenever the business’s requirements change.
Other key functionality that some of the best data governance tools provide is the ability to protect data privacy that allow companies to categorize and protect personal data while making sure they comply with privacy regulations. These tools can also recognize and flag data security risks and allow companies to https://ecodataroom.com/importance-of-online-data-rooms-in-mergers-and-acquisitions/ respond to security breaches and other issues.
