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INSIDE LOOK

right structure, to achieve the company’s highest-level strategic goals. 6. Encourage fact-based, real-time decision making. Change occurs constantly and companies need to react swiftly. Having the right data available, in the right format, drives real-time decision making and generates a high-level of confidence. 7. Create a data-centric culture. Gathering, analysing and applying data isn’t the job of one department. By encouraging everyone to share insights and by centralising data access, companies can make betterinformed decisions at every level. 8. Foster collaboration and establish accountability. 9.

Store information more effectively. Virtually every company is either storing data that is irrelevant or

Encourage fact-based, real-time decision making. Change occurs constantly and companies need to react swiftly. Having the right data available, in the right format, drives real-time decision making and generates a high level of confidence. storing relevant data for too long. Developing standardised rules and policies ensures that data storage is conducted strategically and cost efficiently — and makes everyone a steward of the shared information. 10. Harness data as a competitive advantage. If this list seems intimidating, it’s important to remember that companies don’t have to do it alone. There are powerful, automated

solutions available today that can streamline and accelerate even the most complex data governance tasks. There’s no need for any business to re-invent the wheel when technology leaders have already developed customised solutions targeted directly at addressing the challenge of intelligent data governance. With these advanced solutions easily available, the only real question for executives is: why isn’t your company doing a better job of governing data more intelligently? sst

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