Jun 17, 2024

Investment management firms have been implementing and expanding data governance for years. In this research, we explore data governance through the lens of building a data culture that will help ensure adoption across the organization.

Successful data governance requires an enterprise-wide collaborative culture where all members of the organization play a role in enabling quality, timely, and accessible data that is valued as a strategic asset. A good data culture can alleviate many challenges that firms face, such as a lack of understanding of data governance goals, lack of transparency, and resistance to taking on data governance roles. Building a data culture and community is crucial to a firm-wide understanding of data governance and the willing acceptance of participating in it.

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