Data Governance 2.0 Framework and Practices

This document is a guide that outlines the evolution of Data Governance towards a more integrated and value-driven approach known as Data Governance 2.0. It emphasizes the importance of effective data management in driving digital transformation and enhancing business competitiveness. The guide identifies key components of successful data governance, including the establishment of a Data Management Office, the distribution of governance roles across data domains, and the creation of a Data Council to align data strategy with corporate objectives. It discusses the shift from traditional governance focused on regulations to a more dynamic model that incorporates the entire data life cycle, including external data sources and collaborative datasets. The document also highlights the need for organizations to adopt cloud-based architectures and agile methodologies to improve data accessibility and operational efficiency. By implementing these practices, organizations can better leverage their data assets, reduce risks, and enhance decision-making processes.