Data governance is a grandiose name for something that has been done for decades, but with differences. It is essentially the management of an organisation’s data assets. What is new is that increasingly data is being treated as more than just something to manage, but a business component that needs careful, systematic governance.
In spite of the fact that data is not treated as a balance sheet asset, it is increasingly being seen as something that needs to be treasured and nurtured as an important strategic business resource. Information has always been important to organisations, but there are differences now: