Making Decisions About Data

Dateline: September 2, 2016

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

Decision rights over how our data is managed is increasingly becoming a critical part of the CIO’s role.  Access to, and the ability to manipulate, data is core to strategic and operational decision making processes.  Recently MIT researcher and author Michael Schrage published a blog about How the Big Data Explosion Has Changed Decision Making.  In this blog, he suggests,

Decision rights around data increasingly require data around decision rights. In other words, if your organization has ready access to process and share 10x to 100x more data, chances are your existing decision rights mechanisms are woefully out of date.

He continues,

As organizational decisions increasingly become more data driven, top managers need to assure decision rights are data driven as well. That explains why so many organizations have made data governance a strategic and organizational priority. Instead of more traditional IT governance, which seeks to create greater accountability for IT systems management, data governance recognizes that data is the mission-critical asset to manage.

Is data governance a strategic and organizational priority for your organization?  What data do you use to determine decision rights for your data?

That’s a WRAP!  Have a great weekend!

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