Data and Its Governance

Rupa Mahanti ()

Chapter Chapter 2 in Data Governance and Data Management, 2021, pp 5-82 from Springer

Abstract: Abstract This chapter introduces to the audience, the basics concepts related to data and discusses the proliferation of data, key terms related to data, and the organization of data. We also discuss the concept of assets, why data can be considered as an asset, the unique properties of data, the data asset life cycle, how data differs from other fixed assets, and the challenges of listing data in the balance sheet. While data is an enterprise asset it is not always treated as an asset which causes problems. Organizations need to classify their assets to manage them effectively. Data can be classified in different ways and these will be discussed in this chapter. Data governance is confused with other data related terms. Some of these are discussed in this chapter. We also discuss in detail the business drivers for data governance and data governance benefits. The people, process, and technology components of data governance will be discussed at a high level in this chapter.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-3583-0_2

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DOI: 10.1007/978-981-16-3583-0_2

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