A common sense approach to data governance

As financial institutions become more and more data-driven, an effective data governance strategy becomes increasingly important.

Data governance has been a buzz word in the industry for quite a while. But what does it really mean? The term data governance refers to the rules, policies, and procedures that ensure data accuracy, reliability, compliance, and security.

Often, financial institutions struggle to establish an effective data governance strategy because there is so much ambiguity around this topic. Many FIs simply don’t know where to start.

At Lodestar Technologies, we believe in a common-sense approach to data governance. An effective strategy centers around the people, processes, and technology involved in the overarching data strategy at your organization.


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