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An Overarching Guide to Data Governance
Abstract
The advent of advanced technologies like blockchain, cryptocurrency, etc. has posed threats to the humongous data of the organisations at voluminous scale hindering day to day activities of the institution which paves way for governance of data at every level of the organisation defining roles and responsibilities of each and every member. Data governance is one such way of collocating and administering policies, plan of action and calibre for the tacit usage of organisation's structured or unstructured information with the focus on 5 V's—namely, volume, veracity, value, variety, and velocity. The chapter focuses on providing the details of the need of data governance, the tools used, data governance framework, challenges posed to models of data governance and its solution.
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