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From Chaos to Clarity:
Harnessing The Power of Data
Quality and Governance
The interdependence between the two is
evident: robust data governance frameworks
support high data quality by defining
standards and accountability. Conversely,
data governance loses effectiveness if the
data lacks quality, as poor-quality data
weakens trust and undermines decision-
making.
Why They Matter
CA Dharmendra Kapoor Organisations excelling in both domains
are better equipped for strategic decision-
Partner, Saraf & Chandra making, innovation, and gaining a
kapoor@sarafchandra.com competitive edge. On the other hand,
neglecting these areas leads to “data chaos,”
Laying the Foundation - Understanding hindering data-driven processes and
Data Quality and Governance eroding trust in information.
In today’s data-centric world, organisations are Distinguishing the Essentials - Data
inundated with vast volumes of information. While Quality vs. Data Governance
data is invaluable, it presents challenges in ensuring
accuracy, consistency, and reliability. As companies While data quality and governance are
recognise data as a strategic asset, the focus on data interconnected, each plays a unique role in
quality and governance becomes essential. organisational data management.
Understanding Data Quality
Data quality refers to characteristics that
render data suitable for its intended use.
High-quality data allows organisations
to make informed, accurate decisions,
while poor-quality data results in errors,
inefficiencies, and mistrust.
Key Attributes of High-Quality Data:
Defining Data Quality and Data Govenance
1. Accuracy: Reflects accurate
• Data Quality ensures that data is accurate, complete, representations of real-world entities.
consistent, reliable, and timely—fundamental for 2. Completeness: Encompasses all
trusted decision-making. necessary information.
3. Timeliness: Remains up-to-date for
• Data Governance involves the policies, roles, and relevance.
processes that ensure data is managed consistently 4. Consistency: Aligns across systems
and securely across the organisation. without contradictions.
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