Data Governance with a focus on Data monetization with Kevin Ladwig

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Episode Title : Data Governance with a focus on Data monetization with Kevin Ladwig

Episode Summary: Organizations used to ask what and how when it came to data governance and now they have progressed to asking why. To a large extent this is driven by an intent to monetize data. Gradually we are also seeing data monetization officers in organizations. In order to be really successful with data governance, organizations need to look at capabilities from tops down and also assess current state from bottom up.

Why instead of What & How (02:00): Organizations are asking why instead of what and how now. Customers are Finance nowadays.

Data breach cost (05:00): All regulations have a cost associated with it. State regulations and European regulations etc. have costs associated with data breaches.

Data monetization (10:36): Data monetization involves Increase revues, reduce costs, mitigate risks.

Approach data from capabilities (14:30): In order to succeed in data governance, organizations need to come top down from capabilities to set a structure but also need to come from bottoms up (products, sales etc.)  to understand the data landscape. Assign stewardship to capabilities.

Data Governance practice (20:37): Any engagement starts with a current state assessment : Enterprise data model, Enterprise reports, Followed by scoring and propose next steps

Data culture (23:53): Getting an organization to be data aware requires lot of creative thinking.

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