Data Governance 2.0, Data is Everyone’s Business

In this special guest feature, Adam Famularo, CEO at erwin, discusses how the age of Data Governance 2.0 is dawning. It’s an age that must be marked by everyone within the business collaborating in data governance. Data Governance 2.0 takes the stage with its call to treat data governance as a strategy aligned to strategic business goals and not just as an IT-driven point solution. At erwin, Adam is responsible for the company’s strategic direction, operational excellence and customer success. Previously, Adam oversaw Verizon’s enterprise distribution channels – partners, value-added resellers and systems integrators – across the world. Adam has been recognized as an industry leader in many industry publications and serves on the National Advisory Council for Donorschoose.org, a charity focused on helping children find success in the classroom. He is a graduate of the General Management Program at Harvard Business School.

The age of Data Governance 1.0 was characterized by IT serving as data custodians, mainly cataloguing data elements without a grasp of their meaning or relationships. As a consequence, the costs of controlling data risk often became needlessly excessive and opportunities to drive business agility were missed.

Data governance means understanding the data assets of the organization – knowing that they are of good quality, accessible and secure and that using them does not put the company at legal, reputational or financial risk while also enabling it to be agile.

Now, the age of Data Governance 2.0 is dawning. It’s an age that must be marked by everyone within the business collaborating in data governance.

Organizations are increasingly becoming the sum of their data, yet data generally is not accorded the same thorough treatment that is given to “live” strategic assets.  As data regulations with even more teeth, like GDPR, take hold…and as there is growing attention to matters of digital trust … and as enterprises want to become increasingly Big Data– and analytics-driven in pursuit of new goals and to meet new challenges, Data Governance 2.0 takes the stage with its call to treat data governance as a strategy aligned to strategic business goals and not just as an IT-driven point solution.