Data Governance at a Glance: from Theory to Practice

Learn more about the NTO Data Governance initiative here.

The Network of Tax Organisations (NTO) continues the efforts to facilitate peer-exchange and collaboration. The NTO will host a webinar on 07 August 2024, focusing on Data Governance. The event will showcase principles and concepts while providing practical examples, and will bring together experts and professionals in the area. 

Topic 1 | Data governance and data management introduction
The webinar will kick off with an overview of the essential concepts and significance of data governance and data management in our data-driven era. We'll explain how data governance establishes a framework for data policies, procedures, and standards to ensure accuracy, consistency, and security. We'll also explore the role of data management in implementing these policies and overseeing data assets throughout their lifecycle.

Additionally, we'll highlight the distinctions and intersections between data governance and data management, emphasising how their collaboration is crucial for achieving data integrity and compliance.

Topic 2 | Data management applied: process, tools, and lessons learned
In this section, we will explore the comprehensive process of data management, focusing on the crucial steps of planning, collecting, storing, processing, and analysing data. We will discuss the importance of having a clear data management strategy that aligns with organisational goals. Key tools and technologies that facilitate efficient data management, such as database management systems, data warehouses, and data integration platforms, will be highlighted. Attendees will gain insights into best practices for ensuring data quality, security, and compliance with relevant regulations.

Furthermore, we will delve into real-world case studies to illustrate the lessons learned from successful data management implementations. These examples will showcase the challenges encountered, solutions devised, and the measurable benefits achieved. By the end of the webinar, participants will have a solid understanding of how to apply effective data management practices within their own organisations, leveraging the right tools and methodologies to enhance decision-making and drive business success.

Participation in this webinar is by invitation only. For questions, please contact secretariat@taxcompact.net 

Please, note the different time zones. To check your specific time zone, please click here. 

Background

Data governance refers to the overall management of data availability, usability, integrity, and security in an organisation. It encompasses policies, processes, and standards that ensure data is accurate, consistent, and used responsibly. Effective data governance involves defining data ownership, establishing data quality standards, and implementing data stewardship roles to oversee data assets. It also includes setting up a framework for data access and sharing, ensuring compliance with legal and regulatory requirements, and providing guidelines for data lifecycle management from creation to disposal.

The importance of data governance has grown with the increasing volume and complexity of data in modern organisations. Proper data governance helps mitigate risks related to data breaches, ensures that data is reliable for decision-making, and enhances operational efficiency by reducing redundancies and errors. It supports strategic objectives by enabling better data-driven insights and fostering trust in the data among stakeholders. Additionally, a robust data governance framework promotes transparency and accountability, ensuring that data practices align with the organisation's values and objectives.