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Thursday, August 12, 2021

AI and Data Governance

Was involved in this before the words here were used. AI is a natural connect. Governance should also be a predictively managed quantity.  Are we heading towards improved governance? 

How AI is Transforming Data Governance? Consumers are becoming more aware of their rights, making data governance more relevant across organizations.

Data governance is a set of standards, metrics, and processes that allow organizations to responsibly use consumer data. Organizations need to make sure that when they are processing an individual’s data, it must be secure.

Today, organizations are looking for the holy grail of solutions that can solve their problem of data governance. In order to do so, they are investing heavily in AI-based solutions in order to maximize business value by extracting and analyzing large data stores and enhancing the overall productivity of organizations.

The reason that AI is being incorporated more and more in almost every operation is its efficiency. Organizations have the responsibility of improving the quality, accuracy, and reliability of the data they hold while also ensuring the security and protection of this data. Due to this, data governance is one of the most important aspects of any organization.

-Proper data governance strategies include:

-Ensuring that the data source is reliable

-Smooth data integration

-Understanding the client’s needs

-Complying with government regulations

-Boosting data management on the whole while simultaneously

-Catering to compliance, security, and legal issues.

-The Challenges of Data Governance

-Every organization needs to incorporate data governance, but data governance is marred by the following challenges:

Exponential Data Growth

Data is growing at an exponential rate, and currently, there are over 800,000 petabytes of data being created every month. This is due to rapid technological innovation in the digital age. Organizations need an infrastructure that will not only manage today’s data but also withstand the test of time.

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