Data Governance Tools – Enhance the Sustainability of Data Governance Program

Irrespective of the industry in which a business operates, they need to ensure the quality of data that is flowing through their information system to attain competitive advantage. These days many companies are undergoing transformational initiatives on the demand of their customers. Digital transformation is first and foremost a data transformation and if their data is incomplete, wrong or disconnected from other systems then no matter what technology they install, it will hardly create any impact. Thus, businesses need an effective data governance plan for cleaning, harmonizing and processing all the data sources that will power their transformation.

To ensure success of data governance programs, people and processes play key role and hence even the leading organizations rely on technology to supplement and automate governance processes and to ensure that data delivers business value. When businesses roll out data governance across the organization they make use of the templates, models, and existing tools to save time and to improve quality, accessibility and integrity of their data. Organizations also use data governance tools to standardize processes and automate manual activities.

Today most of the organizations turn to data governance tool to ensure data delivers value to business. However, selecting a right tool become challenging for businesses and to choose a right tool, organizations must be very clear on what they want to do with the data governance tools along with the capabilities that they will need. It is not just the features and functionality based on which a data governance tool is selected but also on the fact that how they will add value to businesses.

Small organization use Excel, R, Python etc. to govern the data but when the organization is large then it becomes difficult to manage the data with these tools. Thus, bigger organizations to effectively manage the data will need some of the following data governance tools. Businesses will find diverse data governance tools in the market but they need to wisely choose a tool considering the requirement of their organization, cost and whether the skill-set is available within the organization or not.

Semantic Data Loss Prevention - Data protection is significant for organizations, as it gives them competitive advantage. Semantic data loss prevention is a best data governance tool that uses advance data loss prevention technique to protect the data.

SAP Master Data Governance - This data governance tool helps organizations to centrally organize and consolidate the data so that there is a uniform flow of the quality information throughout the organization. With the help of this tool organizations also reduce the cost of owning and maintaining the data.

COLLIBRA - Collibra is the best alternative for businesses that require a cross-organizational data governance tool that provides secure access to the organization's data to the users so that they can easily access, collaborate and comprehend its meaning.

AGILITY – This data governance tool helps businesses maximize the value of their data by combining the features of Agility Product Information Management. This tool addresses areas like defining data elements and hierarchy building.

SPARESFINDER – This tool provides a cloud-based solution to allow businesses get a connected solution and help them build and maintain accurate, automated and consistent spare parts data.