What Is a Data Governance Tool?
A data governance tool is a software that allows organizations to manage and govern their data assets. This includes establishing and maintaining a central inventory of metadata for the organization’s data assets along with automated ways of enforcing policies regarding data and assuring its quality. It also involves creating processes for collecting and analysing the data, identifying any gaps and suggesting solutions. Data governance is a crucial component of a strategy for managing data that offers value to an organization’s business users and assists in achieving its digital transformation goals.
The top-rated data governance tools include Collibra and erwin Data Governance (formerly erwin Data Intelligence), Informatica and Talend. Each of them provides various capabilities, including data catalogs, policy management and visualization of data lineage, and Collibra has the added benefit of a data jumpstart service that allows organizations to improve their data governance, MDM and other projects.
Other features that are important include automated workflows for data stewardship and a glossary for data as well as metadata management. These capabilities allow a business to establish an unifying language and enhance collaboration within the organization. It can also automate tasks and ensure that governance practices are updated as the business evolves.
Another key feature that a lot of the most effective tools for data governance offer is data privacy features, which allow businesses to identify and protect personal information while ensuring compliance with privacy regulations. These tools can also identify and flag data risks, allowing businesses to respond to security breaches and https://ecodataroom.com/data-governance-tool-the-virtual-data-room/ other incidents.