Wiesbaden, Germany – March 20, 2024 – KuppingerCole research reveals a surge in demand for Data Governance solutions as organizations grapple with managing and protecting ever-growing data volumes.
In the 2024 Leadership Compass on Data Governance, Lead Analyst Paul Fisher highlights the challenges faced by businesses in the current data-driven landscape, where the exponential growth of unstructured data demands robust management practices.
Data Governance, a strategic discipline encompassing policies, processes, and technologies, offers a solution for organizations seeking to unlock the value of their data while ensuring compliance and security.
The key highlights from the report include:
- Unstructured Data Growth Drives Demand for Data Governance: The ever-increasing volume of unstructured data, such as emails, social media posts, and sensor data, necessitates effective management strategies. Data Governance provides a framework for organizations to catalog, track, and secure this valuable data asset.
- Data Governance for Compliance and Security: With stricter regulations like GDPR and CCPA coming into play, organizations need robust Data Governance practices to ensure compliance. Data Governance solutions offer features like data anonymization, encryption, and access control to mitigate risks associated with data breaches and misuse.
- Data Governance Platforms: A Strategic Investment: The report evaluates software platforms that assist with Data Governance, emphasizing core functionalities like data lineage tracking, data ownership definition, and policy enforcement. These platforms offer a centralized view of data assets, enabling informed decision-making and improved operational efficiency.
As organizations recognize the strategic value of their data, the demand for effective Data Governance solutions is expected to rise. KuppingerCole's Leadership Compass report provides insights for organizations seeking to navigate the evolving Data Governance landscape and establish a foundation for unlocking the full potential of their data assets.
