As critical as data is for organizations to flourish in today's economy, simply collecting and storing data without a data governance policy leaves an organization without a structure to handle the information.

Only 49% of enterprise decisions are driven by data and only 10% are powered by insights, said Arnab Sen, Tredence, Inc. vice president of data engineering. Yet it's the data that will provide more benefits. 'C-level leaders and teams are developing strong data management programs that can evolve to meet the latest business, customer, operational and regulatory requirements.'

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