Data governance is all about setting and enforcing internal standards. These standards or data policies directly relate to the methods used by the organization to gather, store, process, and get rid of data when it reaches the end of its lifecycle. While data privacy and compliance are key drivers of data governance efforts, they also have an economic aspect—keeping cold data on expensive, high-performance hardware makes no financial sense. There’s a security aspect to data governance, as well, as insecure data is at risk of being compromised, corrupted, stolen, or leaked. Data governance has a duty to ensure this does not happen.
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