Top Data Governance Tools
Data is the secret ingredient of any successful business strategy. When managed efficiently, it can provide critical insights that deliver innovation, optimize operations, and foster business growth. However, the vast amount of data that organizations hold may lead to a few challenges in management and utilization.
Often, data is dispersed across multiple platforms with varying structures and formats, leading to confusion about usage and ownership. These consistencies affect data quality and also hinder collaboration and compliance with data privacy regulations.
According to the research, 69% of executives feel overwhelmed by the volume of data they need to handle, with 53% relying on data from multiple sources. These complexities impact businesses with the ability to make quick, and effective decisions.
However, to address these challenges, implementing a robust data governance framework is essential. This framework provides a structured approach to manage data delivering accuracy, security, and accessibility. Let’s explore the correct meaning of data governance and the tools that can help you simplify the process.
Benefits of Data Governance Tools
Data governance tools offer vast advantages to organizations ensuring accuracy, security, and reliability. Below are a few key benefits of data governance tools in detail.
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Privacy, Security and Data Governance Initiatives
Data governance tools play a vital factor in protecting sensitive data by providing privacy, and secure protocols. These tools enforce compliance following industry regulations like GDPR, HIPAA, and CCPA, resulting in minimizing the risks of legal penalties.
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Improved Data Quality
Having efficient data quality is an aim of every business, which becomes a reality with the addition of data governance tools. By standardizing data management processes, these tools help in reducing inconsistencies, and errors ensuring that delivered data is accurate, complete, and reliable.
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Streamlined Business Access to Data
Data governance tools allow easy access to data by establishing clear guidelines on who can access what data and when. This ensures that stakeholders across the organization can access the particular data when required without delays.
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Enhanced collaboration across teams
By following a standardized data management approach, data governance tools help in providing better collaboration between different teams. The team can work and collaborate more efficiently with a clear understanding of data and effective collaboration.
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Better decision-making
With the involvement of data governance tools, organizations can trust the data they use for decision-making. These tools ensure that data is up-to-date, accurate, and reliable, and empower the team to make better and well-informed decisions quickly and confidently.
Top 10 Data Governance Tools in the Market
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Collibra Data Governance
Collibra is a data governance tool that is designed to be user-friendly for organizations aiming to enhance data governance and quality. It is claimed to be a perfect choice for businesses seeking to boost data-driven decision-making, ensure regulatory compliance, and enhance collaboration in data management. The platform offers multiple features to classify, define, and catalogue data, ensuring consistency in understanding among stakeholders. Additionally, this tool supports ease in managing data workflows and mapping relationships between reports.
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SAP Master Data Governance
If your business is already utilizing the SAP business technology platform, then the addition of the SAP Master Data Governance tool can be an asset to your organization. While some users find the initial setup challenging, once done, this tool can be extremely operational, and user-friendly with strong customer support from SAP. SAP Master Data Governance tool offers a single, consistent view of your data for better analysis and insights, eliminating the need to utilize multiple data sources. Additionally, it also offers multiple features to standardize data definitions and business rules, enforcing data validation and a complete audit trail of your data.
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OvalEdge
OvalEdge is a comprehensive data governance and analytic platform that allows organizations to manage their data seamlessly. It provides a centralized system for data discovery and cataloging, allowing a unified view of data across an organization to ensure better scalability and accessibility. The tool allows you the features to easily maintain the data and make decisions on who can access different sets of business data. It shares a simplified glossary to help organizations with easy collaboration within the teams. While the other additional features involve data cataloging and data lineage. It allows users to perform searches of data using the natural shared language, making the collaboration and updating of data an easy task.
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Atlan
Atlan’s active data governance product is also claimed as “built by a data team, for data teams”. This tool is designed to simplify the establishment of data governance frameworks while minimizing unwanted complexities. The platform follows a community-centred approach to data governance, ensuring privacy as the prior concern. The additional features include customizable security controls, flexible user role-based access policies, and collaborative tools that empower users to suggest data modifications and enhancements.
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Apache Atlas
An ideal and the perfect choice for large organizations having skilled data teams working within the Hadoop ecosystem. Apache Atlas is an open-source data governance tool that requires internal technical knowledge for the delivery of a successful deployment. With the addition of the Apache Atlas tool, your business can experience effective management of data assets through its comprehensive cataloging capabilities. It includes features like metadata management, advanced classification, data lineage reports, user-friendly search functions and robust security controls.
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Precisely: Data 360 Govern
In the year 2021, Precisely expanded their business by joining hands with Infogix, in delivering the Data360 Govern product on board. This tool is designed to meet the needs of organizations of any size that want to strengthen their data governance and data quality. Data360 Govern offers features, including a searchable data catalogue, a smart business glossary with consistent definitions, and a quality metric system to access data.
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erwin Data Intelligence
Acquired by Quest in 2021, erwin continued to deliver powerful data governance solutions that help businesses save time and have a better understanding of data flow across their organization. With the Erwin Data Intelligence tool the searching task became easy, as it provides robust searchability by allowing metadata to be added to all data assets. It also has a data quality scoring system that allows businesses to verify the accuracy and completeness of their data.
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OneTrust Data Governance
As the name suggests, it is widely trustworthy and recognized in the online environment for its expertise in data protection and privacy. OneTrust Data Governance platform provides better data security with a primary focus on protecting the privacy, security, and integrity of business data, to mitigate the potential risks. Multiple security features involved with OneTrust Data Governance are data classification, retention and deletion policies, access management, and cloud data protection.
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Ataccama One
Ataccama One is one of the finest and most well-known data management tools that integrates data governance, quality, and master data management into a single platform. When combined with advanced automation and AI capabilities, Ataccama One helps organizations manage high data standards, delivering consistency and reliability. It is a perfect choice for businesses aiming to enhance data accuracy and operations.
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Axon Data Governance
Axon Data Governance is an advanced tool from Informatica that helps organizations deliver trusted data to end users following data governance efforts. It allows the governance team to create a curated data marketplace to help business and analytics users find, access and understand data. It includes features like data cataloging, lineage tracking, and collaborative stewardship, making the process of managing and monitoring data assets an easy task. With the addition of the Axon Data Governance tool, businesses can ensure accurate and consistent data with regulatory compliance and informed and reliable decision-making.
Final Thoughts
Data is indeed a crucial factor for every business, however managing it efficiently is a key to success. There are multiple complexities and challenges linked when it comes to maintaining it. However, implementing a robust data governance framework ensures accuracy, security, and accessibility, allowing businesses to overcome data management issues and make informed decisions.
However, choosing the perfect data governance tool and implementing it with your business can be complicated if not done right. Thus, connecting with an organization like AAHENT, who have a team of expert professionals can be an asset. With years of experience, and technical skills, AAHENT ensures to provide the correct solution and guidance to help your business navigate towards success.