How to manage data assets for value creation (Part I): The role of data governance
Business processes through their inter-organizational and intra-organizational cross-functional interactions create large-scale information assets. These can be processes that describe workflows, transformations and other maneuvers, and in numerous ways manipulate the data. Each of them leave an imprint and its of vital strategic importance to delineate or govern the trace and access control of those imprints as a cohesive whole in the journey of the asset in its end-to-end lifecycle.So the raw imprint of asset becomes its refined blueprint with added value. In a way, information systems in modern enterprise solutions has to facilitate a data-value view of asset managemen t . In an organizational setting, data governance refers to" the framework and underlying policies of collecting data and governing the ownership and purpose of its usage " . According to state-of-art research in data management , data-asset value-chain consists of primarily - Acquisiti...
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