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A data governance tool is designed to manage the who, what is, how, when and where of your company’s data to ensure security and compliance with industry standards. It’s commonly used by data managers as well as business analysts and IT departments to ensure the sameness across all datasets, simplify big data sources, and help facilitate informed decision-making.
There are a variety of data governance tools that are available, each with its own unique characteristics and capabilities. To help narrow down your options begin by identifying the specific business needs and objectives you are thinking of. Create a list of all the features you require for example, data lineage, metadata tracking and so on.
Take into consideration the cost of the software. While a data management tool could be worthwhile in the long run, it’s crucial to consider the cost of your investment in relation to the features you’re looking for.
For example, if you’re looking for a comprehensive tool that supports different governance frameworks, check out Collibra. The solution includes an integrated catalog of data that profiles and documents your data. It also includes frames of work for data stewardship that gives users the tools they need. It also has advanced search capabilities as well as an intelligent business dictionary to ensure an enduring understanding.
Erwin is a different option that offers a clutter-free intuitive representation of your data. It also comes with auto-classification capabilities which can detect relationships and anomalies within your data. Moreover, it can save you time by automating routine tasks such as monitoring data quality and solving problems. It also has self-service capabilities with its built-in data discovery as well as reporting and analytics.
