For organizations to protect their data through a good “corporate governance framework,” a framework that provides guidance is necessary. differs in principle from the usual Data Governance. In accordance with corporate governance objectives, Data Governance frameworks should contribute to market integrity and economic performance. An overarching domain of managing data risks can also contribute to corporate Data Governance. Corporate Data Governance prioritizes value, however, and oman whatsapp number data identifying risks is crucial to determining the effectiveness of the internal data control environment. For the enterprise and its stakeholders, the framework must enable organizations to assess, direct, monitor, and protect data and related infrastructure. The direction provided by corporate Data Governance can be different in scale and in its objectives to a generic Data Governance framework.
It is both an opportunity and a challenge for corporate governance as new technologies such as big data platforms and cloud platforms digitize and process data at scale in firms. The pandemic has also intensified the need for digitizing data and improving accountability in organizations. Thereby, data availability in firms started to increase, which has become a strategic asset to drive the firm’s valuation. A growing amount of data combined with insignificant and poor-quality information has been a challenge for large corporations for years. In 2008, by conducting a survey of 200 organizations across the globe, Pierce, Dismute, and Yonke stated that 58% recognized data as a strategic asset. The management of data as information and its intelligibility has become a high priority in corporate governance and regulatory compliance.