A data governance tool aims to manage the who, what and when, and where of your company’s data to ensure security and compliance with regulations of the industry. It’s commonly utilized by data management professionals, business analysts, and IT departments to maintain consistency across multiple databases, to streamline big data sources, and help facilitate informed decision-making.
There are many different types of tools for managing data each with its distinct features and capabilities. Begin by identifying the specific business goals and needs. This https://ecodataroom.com/securedocs-virtual-data-room-review/ will help you narrow down the choices. Then, you can make an inventory of the key requirements to have, such as metadata management as well as data lineage tracking and many more.
Consider the cost of the solution. While the investment in a data governance tool can be worthwhile in the longer term, you need to ensure that your budget is in line with the features you’re looking for.
For instance, if you’re looking for a full-featured tool that supports different governance frameworks, check out Collibra. The solution comes with an integrated data catalog that records and catalogs your data. It also comes with a data stewardship frame work that empowers users. It also includes advanced search capabilities and an intelligent glossary of business terms for an understanding that is consistent.
Erwin is another choice that offers a clutter-free and intuitive representation of your data. It also comes with auto-classification capabilities which can detect relationships and anomalies within your data. Moreover, it can help you save time by automating routine tasks, like monitoring the quality of data and solving problems. Additionally, it allows self-service access through built-in capabilities for data discovery and reporting.