More Spending by Larger Companies to Become More Data-Driven in 2022 using Master Data Governance
Larger companies view master data governance as more important and have a rough data governance structure to be data-driven, making decisions based upon data analysis. While some of these data governance strategies remained mature in 2021, company culture will still be a barrier to data governance investments in 2022. Only one third percent of Fortune 1000 companies claim that data has transformed their business results, leading to a perception of a decline in investment return. This gives small and mid-sized businesses the opportunity to outperform larger companies in terms of data quality. Due to security risks and increased remote business, companies have given IT Governance a higher priority than data governance. IT grants physical access to various resources but does not manage data quality or privacy. You save money by tailoring your data strategy to your business and setting up ways to collaborate, cross-departmentally, about data qu...