Data is a central component of the value chain, but it often lacks usability across departmental boundaries. It is often inconsistent, difficult to find or insufficiently documented. As a result, potentials such as digitalisation, artificial intelligence and efficiency gains remain untapped.
The causes lie in poor data quality, a lack of understanding of the business benefits of data, complex regulatory requirements, silo structures and unclear responsibilities. Holistic data governance is crucial to overcoming these challenges and systematically unlocking the value of data.
