With the rise of data in use across businesses, there is also the question of governance, whether to adhere to regulations, particularly in industries of a financial, pharmaceutical or government-driven nature, or to ensure companies are running on the most accurate and up-to-date information available to them. Could this mean that the Chief Financial Officer becomes responsible for the data? Or will we see more weight and accountability being given to governance and regulatory roles?
Either way, data ownership is still a very complicated matter and one that needs to be addressed, whether it’s the CIO or the CEO, or even another board member in charge, it’s important that businesses get data roles and responsibilities established soon – the data we store is only going to continue to grow and accumulate, so it’s important everyone knows who has ownership of it.
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