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Expensive Laura: Knowledge Governance Funds Woes


Welcome to the Expensive Laura weblog collection! As I’ve been working to problem the established order on Knowledge Governance – I get quite a lot of questions on the way it will “actually” work. I’ll be sharing these questions and solutions through this DATAVERSITY® collection. In 2019, I wrote the e book “Disrupting Knowledge Governance” as a result of I firmly consider that poor Knowledge Governance applications are getting in the best way of information applications being as profitable as doable.

Learn the newest weblog posts on this collection right here and right here.

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“Expensive Laura,

It’s the worst time of the yr, a minimum of for me. It’s price range time. Yearly it looks like the identical previous factor. I run a big analytics group and we do , well-appreciated job for the group. We’re cautious and pragmatic about investments and consequently have garnered quite a lot of belief with executives.  That’s true aside from Knowledge Governance. For the final 4 years whereas I’ve led this group Knowledge Governance has been re-started twice, and annually they ask for (and I agree they want) extra price range however that’s at all times the very first thing that will get reduce. I do my finest to play little video games with the budgeting like pad one-line merchandise so I can transfer it over to Knowledge Governance later however that solely will get me up to now. I do know that if my present Knowledge Governance chief doesn’t get the cash she must do the work, I can be on the lookout for a brand new chief subsequent spring. Assist!

Determined in Denver”

Hello Determined,

Sorry to listen to of your predicament. It’s not an uncommon state of affairs, unhappy to say. First off, I’ll say that it’s irritating when organizations insist they want Knowledge Governance however refuse to fund it. For those who want it, then assist it. That’s all there’s to that. Nevertheless, it’s a little bit of a tricky spot for lots of executives as a result of Knowledge Governance is a kind of issues that appears time-consuming, costly, summary, and infrequently isn’t a price add.

There are a number of methods organizations attempt to get round it – fearmongering appears to be the most typical. That’s straightforward to do these days with giant fines coming down from regulatory our bodies actually quoting lack of “Knowledge Governance.” Sadly, fearmongering is a bit like these one-hit wonders all of us love. For a brief burst of time, you’ll be able to’t consider every other music, however then one thing else comes alongside and also you all however neglect about it. Most individuals assume they’ll make just a few small changes or investments to push back Uncle Sam after which they wipe their fingers of it. Worry-mongering backfires.

Associated to fearmongering you actually may throw round compliance points. Because the starting of GDPR the connection between Knowledge Governance and compliance has been conflated. We had the problem earlier than, in fact, however to not this diploma, now everybody engaged on Knowledge Governance thinks their job is to write down insurance policies and procedures and defend knowledge belongings. It’s actually a part of their job however not on the threat of shedding the opposite pillars of Knowledge Governance – rising knowledge utilization, enhancing knowledge high quality, creating and sustaining knowledge lineage, and, lastly, guaranteeing safety.

See, the difficulty is, while you ignore the opposite pillars, you lose the lengthy recreation. Avoiding fines by creating a powerful privateness and compliance program is the job of your chief compliance officer, a place significantly better positioned (sometimes) than the lowly Knowledge Governance supervisor buried 5 layers deep in an obscure IT perform. I guess if you happen to requested your CEO who’s accountable for safeguarding the group from fines related to the present in-fashion laws related to knowledge privateness, she would let you know it was the overall counsel or chief compliance officer. Possibly the privateness officer or CISO. I doubt extremely she would say Knowledge Governance chief.  

So, I ask you, Determined, which camp do you end up in? In case your Knowledge Governance chief has ignored these different pillars, then maybe she shouldn’t get the price range as a result of she’s not delivering worth to the group. Give attention to the opposite pillars, construct a contented alliance together with your privateness, safety, and compliance group, and construct metrics to indicate enchancment in areas everybody sees as excessive worth resembling rising utilization and enhancing knowledge high quality. Then subsequent yr, I guess you received’t have any downside getting price range.  

Do you may have a query about Knowledge Governance you’d like me to reply? E-mail me at Laura at moxyanalytics dot com.

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