Data Governance Software
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What is Data Governance Software?
Data governance software allows organizations to organize, manage, and protect sensitive information effectively. It can automate audits and data capture, improve workflows, and prove compliance.
Data governance software can integrate with other data governance tools and business intelligence solutions to monitor access privileges and encrypt sensitive datasets. These software solutions often include analytics features for discovery, remediation, and reporting.
Data governance--also known as data stewardship--ensures proper data maintenance per industry standards and laws. Data governance software makes it easy to apply changes and enforce standards universally. It offers privacy and security features, such as securing personally identifiable information (PII) and personal health information (PHI).
Data governance occurs across all lifecycle stages of data management, including data collection, retention, quality, classification, standardization, compliance, usage, auditing, security, and archiving. Data governance software helps organizations establish a consistent framework to know what data they own, why the information is used, and how to put that data to work. Companies can standardize policies, naming conventions, and backup schedules--preventing data silos and data loss.
This kind of software helps ensure data quality and accountability throughout an organization. Enterprises can identify assets in use, records to move to the cloud, and information that can be archived or discarded.
Data governance software can manage many data libraries, including:
- personal computers and private networks
- clouds and databases
- servers and mainframes
- disks and tapes
- network-attached storage (NAS)
- the internet
Data Governance vs. Data Quality vs. MDM
While related, data governance, data quality, and master data management (MDM) are not identical domains. Data governance functions at the highest level and focuses on helping enterprises benefit from the strategic value of all their data. Both data quality and master data management (MDM) are elements of data governance.
- Data Governance is a set of policies and procedures designed to manage data usability, availability, integrity, and security. In contrast to Data Quality, this is a business function focused on managing data as a strategic enterprise asset.
- Data Quality is a measurement of the degree to which information meets the requirements of the users/workers using it to perform their jobs. It is predominantly an IT specialty and managed by specialists in data quality and management tools. Higher quality data is an outcome of a proper data governance program.
- Master Data Management (MDM) software provides a way of managing all critical data from multiple applications in the organization. It does this by linking to a universal or master data file.
Data Governance Software Features
Data governance software often includes the following features:
- Auto-classification
- API and application integration
- Cloud-integration
- Collaboration options
- Data integration
- Data inventory and classification
- Data lineage
- Data mapping
- Data privacy
- Data quality
- File analysis
- On-premises implementation
- Process and performance modeling
- Reports and Analytics
- Risk and compliance management
- Search and discovery
Data Governance Software Comparison
When considering a data governance software product, look for solutions that actively review and monitor your data. You’ll want to find scalable tools that can be incorporated quickly and affordably.
It is important to choose tools that will assist you in achieving the business goals outlined in your data governance plan. Consider whether you need on-premises or cloud implementation. Some solutions offer data optimization, recovery, and restoration for damaged files. Compliance solutions should cover:
- GDPR
- HIPAA
- CCPA
- TISAX
- FINRA
- ITAR
- Data Residency
Pricing Information
Pricing varies widely depending on the size of your business and the complexity of your needs. Some packages are priced according to features; others according to the number of users. Some vendors provide free plans for small businesses and free trials. Most billing options fall into monthly, yearly, and 3-year packages. User-based prices range from $10-25/month/user. Packages can cost $55/month to $30,000/year. Most enterprise options require a custom quote.
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Frequently Asked Questions
What does data governance software do?
What are the benefits of using data governance software?
What are the best data governance software products?
Some popular data governance software products include: