13 Jan The Data Governance Operating Model: Defining the Path to Digital Transformation
The Data Governance Operating Model is what you need if you are looking for a way to digital transformation.
If your company has yet to figure out what the role of data governance should be in an organization, this article will help bring clarity.
We’ll cover what is an operating model for business and how it can help with any type of business model innovation plan.
Why is understanding the operating model important?
How businesses work in a global context can be critical for generating value from your efforts. Every section can benefit by understanding an individual organisation’ s operating plan through improved efficiency.
Business operating models are commonplace within any business strategy, especially in forward thinking business models. A business operating model focuses the company’s vision and helps with visual representation of business process integration.
An operating model is manifold as an operating model describes, an operating model determines and most importantly an operating model helps manage business leaders, business processes and business units.
Operating model template
In the development of a business model, it focuses on processes, people and technology. Generally speaking, both approaches will require either role playing or processes or both.
By adopting role approaches, you create an operating model in response to hierarchy in your organization.
By utilizing Process-based practices you focus on delivering value to customers rather than focusing only on their transactional journey.
Templates you choose depend on the goals of the company. If a company reorganizes its business model or allocates its resources in any way, the reorganization takes place. If so, it should be possible to improve efficiency.
Data governance is more of an operating model, not an organizational structure.
At the strategic level you have executive sponsors such as your PS and Ministers. At this level you also have a data governance council.
The data governance council is normally where you would have different senior members from different departments within your ministry who will come together from time to time to discuss issues. Members of this council will set the law and approve policies and procedures.
Furthermore, they make the final judgment as to what a particular business role is or provide clarification on a particular definition for the business glossary. They don’t get involved in the day-to-day operations of data governance.
At the tactical level, there will be a steering committee making sure that policies are adhered to.
They would monitor data governance and do quality checks and quality reports, while working with the operational model.
The steering committee then works with the working groups at the tactical level.
The data users will use data from end to end.
HERE AT INCUS SERVICES, WE KNOW THE VALUE OF DATA AND ARE HERE TO HELP YOU ATTAIN IT!
A huge part of understanding data governance and ensuring operations management is understanding the ins and outs of data analytics, and there is nothing more important to Incus than providing a sturdy foundation and understanding of data analytics and moving you from confusion to clarity.
IF YOU’RE A DATA NOVICE OR JUST LOOKING TO GET THE MOST OUT OF YOUR EXISTING DATA MANAGEMENT, GET INTO CONTACT WITH THEM ABOUT THEIR WORKSHOP OR SPECIFIC SERVICES THAT ARE TAILOR MADE FOR YOUR ORGANIZATION.
But the workshop is just the beginning. Consulting with Incus Services as part of your operating model design and data improvement drive can make all the difference between being a leading organization or falling behind the competition.
If you want to find out more about data dictionaries, data governance, or even work on a data dictionary project, reach out and make the best of your business objectives by checking out the Three Most Powerful Analytics Techniques.
Incus Services can work closely with your organization to help your data talk to you and offer key insights. It is our objective to provide businesses with the machine learning and artificial intelligence strategies that they need to succeed.
Aren’t you ready to take your business to the next level? Why wait another moment to lead the finance sector through technology and digital transformation?