Organizations are actively seeking to understand what the story is within their business, markets, clients and competitors. Data delivers this story through reporting, visualization, analysis, and closed-loop analytics. In short, data is needed to tell those stories, but it is not the story. Taking a new approach to data, reporting and analytics governance accelerates the pace of data delivery and use in the face of growing volume while increasing the quality of outputs and impacts. Our focus is on business insights, actions and outcomes.
Dan Meers, RSM’s national leader of data analytics and governance, recently delivered a presentation at the DATAX Virtual conference, the preeminent cross-industry, data-centric event for business leaders, strategists and data practitioners. During his session, Meers detailed how evolving from a supply-side data governance view to a balanced supply-and-demand-based approach to data and reporting governance provides end-to-end results.
In the past, data governance was largely a reactive function, implementing governance in response to a need or a problem. However, a more effective strategy connects governance functions and stewardship functions in a more proactive action-oriented manner .
Data has risen to the level that it is capital, reporting and analytics are the return on capital every business requires. View the presentation below to learn how to enhance the value of your data and implement a more active data governance approach. We believe Walter Wriston, CEO of Citicorp, was correct when he said, “Information about money is becoming almost as valuable as money itself.”