Boards & Data Governance

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It is time for Boards to understand whether the data within their companies is enhancing or hindering the  organisation’s enterprise value. To give an example,  when people are at the core of EVERY decision  an organisation takes, it is critical to consider  how much data influences processes and their  outcomes. Since, as stated earlier, data comprises  between 20-25% of an organisation’s enterprise  value on average, and unmanaged or mismanaged  data significantly increases an organisation’s risk  potential, why would any organisation undertake  a digital transformation initiative without proper  data governance? This is a question that merits  a good deal of thought, both across boards and  executive leadership teams, and we close this  article by sharing the linked strategy assessment  from Harvard Business School to guide you in your  continued deliberations on data governance and  digital transformation.