Organizations that do not fully implement data governance experience problems that affect the security and integrity of
Question:
Organizations that do not fully implement data governance experience problems that affect the security and integrity of the data and cost the organization dearly in time and money. Some of these problems, as mentioned in your reading, are:
Multiple versions of the truth
Higher than necessary data management costs
No ownership or accountability of data
Internal audit concerns
Lack of understanding and use of the information
Loss of information credibility
Intensive manual information to respond to requests for information
Difficulty complying with regulatory requirements such as Sarbanes-Oxley
Management concerns about the quality of the information being used for decision making
Explain how data governance would solve each of the problems listed above. Write a paper in which you explain, in greater detail, each problem listed above. Then, describe how implementing data governance processes would solve each problem. Identify which practice, operational requirement, policy, or standard could be used to address each problem.