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Nearly every business of any size will commit significant resources to governance of one sort or another in the coming months and years. If done poorly, managers will find themselves asking why they are doing it and why it is costing so much and delivering so little business value. The terms "data quality", "meta and master data", "profiling and validation", "stewardship and custodians" are floated in businesses throughout the world, reverberating from office to board rooms. But who can truthfully understand and manage how these concepts come together in a measurable and efficient way? You have the capacity to incorporate governance in a developed and effective manner, designing your business in an exciting and effective way. An effective governance management is made up of processes acutely lined up with your business' core goals. You can follow the value of your business governance and change it as advised. Above all, the efficiencies of governance may be understood and optimized. Developed governance is new ground to essentially all. Effective governance may be commanded by small minority of businesses. Those that do unearth startling benefits. At the Gartner Symposium/IT Expo in Cannes, Gartner warned that businesses that fail to effectively include governance into their business model will not survive beyond their first or second year in business at a 90% rate of attrition, or more. 1 A large number of businesses exclusively focus their IT capital on information overload to acquire their effective, transparent, and differentiation goals. Organizations also want to keep safe sensitive corporate data and information with measures that minimize risk of unauthorized exposure. While the risk of unsecured and sensitive data is well appreciated, most companies simply do not have the capacity to address the issue in a comprehensive way. Formerly, governance may have been treated as a necessary interference on your business with its pricey, apparently burdensome, and often obstructionist effects on business. These feelings may have lead some to make governance a low priority, or caused some to stop implementing governance at all. That reaction is certainly understandable; but it is missing an important competitive advantage that others in your area may take full advantage. In articles coming soon in this series I will discuss (2) how governance may go wrong; (3) how pictures may evolve into business models, and (4) steps you can take to get quick, meaningful results. 1 - Gartner Says To Begin Managing Your Information, Not Just Your Technology, Resnumerica 2.o, 10/26/'07
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Max Gano, founder, OONdada, governance and data expert of fifteen years. OONdada a provider of online data administration solutions on Bainbridge Island, WA. Credit Union Audit Easy-to-Use Online Guides, Industry Standards and Best Practices - OONdada - 14-DAY FREE TRIAL - Rock your state and NCUA audits. www.oondada-credit-union-audit.com
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