Part 4/6:
The trend indicates that:
Strategic Data Governance increases ROI by ensuring data is relevant, accessible, and well-managed.
Optimized Data Policies contribute to cost savings and improved decision-making, leading to better customer insights or operational efficiency.
Policies for Effective Data Management
To derive maximum value from data, organizations should adopt comprehensive policies:
Access Management: Define who can view or modify data, and at what level. Restrict access to sensitive or unnecessary data to prevent misuse and reduce storage bloat.
Retention and Archiving: Decide how long data should be retained based on legal, compliance, or operational needs. Use tiered storage solutions to balance speed and cost.