Responsibilities of Information Governance

There are various responsibilities the steward council has to shoulder including –

Addressing data as a corporate resource through application of strategies, mission and enterprise vision

Data quality reports are constantly given access for stakeholders including external regulatory entities, employees, shareholders and customers.

Resolving issues related to data including different data element definitions.

Establishment of parameters to measure quality of data

Creating a management tool for data accountability and data quality especially in case of a cultural change

Providing consistent and reliable definition by effectively controlling organizational metadata which also includes using existing and new data

Pilot for Information Governance

 Interestingly, many companies find it almost impossible to sustain the quality of information governance over a long period of time. This may be due to various reasons. One major cause is a burnout that results from a big bang approach. EIG implementation here becomes too huge and ambitious to handle and it becomes next to impossible sustaining or even completing the implementation effectively.

The only alternative that can sustain results is implementing the program in small phases with an effective pilot program. Monitor for any lapses at every step and take corrective measures at each increment level.

Leveraging enterprise information with the help of reports that are of very high quality is another common difficulty encountered by organizations.

In spite of advancement in the field of software it often becomes difficult for companies to answer simple questions related to the source of the information and whether it is accurate and perfect. They are also unable to assess and find out the data rules and business rules applied to it. They are at a loss to determine whether it is alright to trust this information to take important decisions.

All these problems are effectively addressed by the SRCF or Source to Report Control Facility of the innovative EIG program. In fact with the help of this component, a strong credibility has been established by this program with various companies that are looking for access to high quality reporting.

Every single control point that governs critical information which is measured with metrics and outputs is mapped effectively by the SRCF. This is used for various key business reports including product reports on growth and profitability, customer reports on retention and profitability and management reports.

 This information is either revealed through a metadata repository to business users and owners of data or is benchmarked after being captured against systems of record. This provides a sense of reliability for users who have access to information they have a better insight into and are also clear about the rules that govern this information.