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Conclusion
Published in James William Martin, Operational Excellence, 2021
Metadata are data fields where data are created, reviewed, updated, and deleted. Organizational systems have thousands of metadata fields. Some metadata is more important than others because it is used by several IT applications and processes. As an example, customer profiles are used for quoting, order, delivery, and invoicing. Metadata is associated with data domains, each having unique processes and owners. Because of this core metadata must be shared, information governance is important to ensure consistent definitions and use.
Dark Data for Analytics
Published in Mohiuddin Ahmed, Al-Sakib Khan Pathan, Data Analytics, 2018
The four key steps in information governance are identifying the sources of data, analyzing key categories and issues, managing accordingly—like deleting unnecessary data, analyzing data with potential value, and securing sensitive data—and lastly monitoring the whole process with relevant metrices and evaluating the whole process. After completing these four steps, we have to utilize the feedback to improve and evolve [26].
Opportunistic behaviour in supply chain finance: a social media perspective on the ‘Noah event’
Published in Enterprise Information Systems, 2021
Xiaohong Liu, Shiyun Wang, Kai Yao, Ruiqing Sun
Information governance is defined as ‘the set of activities aimed at establishing a normative foundation to facilitate and stimulate sense making interactions’ (Kooper, Maes, and Lindgreen 2011, 197). Thus far, information governance has been recognised as an effective way to better govern the use of information (Kooper, Maes, and Lindgreen 2011). Hulme (2012) confirmed that information governance not only maximises the business value of information and reduces the total cost of ownership of the information management landscape, but also ensures compliance, manages risk, and protects security. Coyne, Coyne, and Walker (2018) agreed that information governance is instrumental in maximising value, minimising risk, and achieving effective coordination. The goal of information governance, according to Tallon, Ramirez, and Short (2013), is twofold: maximising the value of information by ensuring information is reliable, secure, and accessible for decision-making; and, protecting information to avoid any problems, such as error, loss of timely access, inappropriate use, or misadventure. In general, information governance is highly regarded for supporting high-quality and secure information exchanges (Rasouli et al. 2016a, 2016b).