Book Image

Data Governance Handbook

By : Wendy S. Batchelder
Book Image

Data Governance Handbook

By: Wendy S. Batchelder

Overview of this book

2.5 quintillion bytes! This is the amount of data being generated every single day across the globe. As this number continues to grow, understanding and managing data becomes more complex. Data professionals know that it’s their responsibility to navigate this complexity and ensure effective governance, empowering businesses with the right data, at the right time, and with the right controls. If you are a data professional, this book will equip you with valuable guidance to conquer data governance complexities with ease. Written by a three-time chief data officer in global Fortune 500 companies, the Data Governance Handbook is an exhaustive guide to understanding data governance, its key components, and how to successfully position solutions in a way that translates into tangible business outcomes. By the end, you’ll be able to successfully pitch and gain support for your data governance program, demonstrating tangible outcomes that resonate with key stakeholders.
Table of Contents (24 chapters)
1
Part 1:Designing the Path to Trusted Data
7
Part 2:Data Governance Capabilities Deep Dive
14
Part 3:Building Trust through Value-Based Delivery
20
Part 4:Case Study

Third-party enrichment

One very common type of data enrichment is the use of third-party data enrichment services. Third-party refers to the use of external data. This type of data is typically purchased from an outside data vendor and added to the data your company creates (referred to as first-party) to create a more enriched and higher-quality dataset.

When you are considering using a third-party data source, consider the following factors. Not all data enrichment is high quality, and using a third-party source that does not meet the expectations of your business can reduce the quality of your data versus improve the quality of your data:

  • Data quality and accuracy: Ensure the data is reliable and consistently updated
  • Data coverage and relevance: Verify the data aligns with your specific needs and target audience
  • Data privacy and compliance: Check for compliance with relevant data privacy regulations
  • Pricing and cost models: Understand the pricing structure...