"Without data to back it up, a strategy is just an idea. Leaders working in the absence of trustworthy, quantifiable information make judgments on feel and instinct. While good CEOs should trust their intuitions, instinct without concrete information to validate it can lead you astray. The most effective strategies are measurable, and you cannot measure something without first establishing the units of measurement. As data become integral to business operations everywhere, data governance gains a larger role in leadership strategy. Establishing a strong data governance operating model will result in a high level of trust in the information produced by the organization. Understanding how to govern data effectively can mean the difference between an actionable, successful long-term strategy and a risky, ineffective one. These practices will help you build an effective data governance plan."
- Marie Crump, Principal Partner of Operations
Read the full article here.