What is Data Governance (and Do I Need It?)
Defining Data Governance’s Impact on Data Platforms
In today’s fast-paced, competitive IT environments, data governance is a primary focus. Master data management requires expert data stewardship for corporate data platforms. However, what does data governance have to do with that, exactly?
We could all get a lot more done if we didn’t pay any attention to the dangers. Employees could always have access to corporate data, no matter where they are. They could share client data between teams in any way that gets the job done faster. Even the tech teams would benefit from no longer needing to back up any corporate data. They could get more done on other projects instead of worrying about the particulars of data integrity or data quality.
But wait! What about cyber attacks? Cybercriminals are becoming increasingly smarter and more harmful in attacking confidential corporate data. Also, what about major disasters, such as power outages? Without a set of data standards in place, any of these situations could quickly bring a company to its knees.
Data Governance: A Set Of Standards For Master Data Management
Data governance is a set of standards and policies, or rules, about how corporate data gets collected, handled, processed, and used. Some of these master data management policies may cover:
- Secure data storage
- Data integrity through proper back-up processes
- Granting and restricting data access
- Making users who handle data sets accountable for their actions
- Maintaining data quality
- Keeping data secure from external and internal threats
A company may choose to create a set of data governance standards to enforce how data stewards (those responsible for data and processes) and other involved employees handle corporate data. These policies create a standard systematic blueprint for everything that concerns the business processes related to the company’s corporate data.
Data governance should be a priority for any company that wants to protect its corporate data from cybercriminals, disasters, and improper or illegal usage.
Data governance can also equip data stewards to:
- Provide consistent, accurate data with continuous maintenance and system monitoring
- Ensure data complies with all data governance laws such as HIPAA
Since data governance affects how employees access and use corporate data, these standards need to be a company-wide endeavor. Data governance policies are also only as secure as data stewards can make them through compliance with the standards.
Data covers such a broad range of things, though, where can you start? Start by getting the experts in master data management involved, of course.
Modulus: Trustworthy Data Governance Technology
Intertrust’s Modulus is a valuable cornerstone in master data management. The Modulus™ Data Platform enables organizations to securely share their data within their organization, with partners, customers and other identified stakeholders seamless and without disruptions.
After decades of experience in managing data rights, Intertrust has developed Modulus Policy Management to enable data governance.
For data processing, Modulus employs data governance access in acquiring, storing, and securing access to data types. It supports various data types, such as time series, metadata, and n-dimensional arrays. This data management technology includes the following features:
- Database and Network Protocols – Extensible support for network and database protocols. This support includes HTML, FTP, ODBC, OpenDAP, and JDBC.
- Compressed Data Storage – A scalable, elastic data storage solution which lowers the TCO of storage on-premise or in the cloud.
- Data Pipelines – Modulus’ data pipelines can handle both streaming and batch processing.
- Search, Query, Access – Corporate data can be searched, accessed, and queried through Modulus’ RESTful API.
A secure analytics module protects corporate data, enabling the inclusion of data analytics partners. The secure analytics module also enables data stewards to monitor distributed data provenance and avoid unwanted data duplicates. The analytics sandbox runs third party algorithms securely and avoids the need to deal with multiple copies of data simultaneously. The Trusted Traveling Companion enables computation of remote, disparate datasets, so corporate data does not need to be moved to a central location to be processed.
Revolutionize Data Governance with Modulus
Data distribution is included as a part of Modulus’ data governance systems. The data distribution system is ideal for managing customer-vendor relationships and partnerships, such as data exchanges. It also enables your company to create commercial marketplaces and data hubs. The data distribution API infrastructure empowers companies to serve hundreds of thousands of clients with real-time messages. With a data marketplace, companies can include features such as purchase management and paid plans.
With cross-cloud interoperability, trusted data exchanges, comprehensive master data management, and bleeding-edge business models, Intertrust’s Modulus technology is equipped to support every company’s corporate data needs. With persistent protection, legal data compliance tools, and vigorous privacy assurance, Modulus comes equipped with everything needed to create a robust, complete system for managing all your company’s corporate data governance needs.
Contact Intertrust today to find out how Modulus can revolutionize your company’s data governance compliance.