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What is Data Stewardship?

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What is Data Stewardship?

Data stewardship is the process of ensuring that the right people have access to the right data at the right time. It starts with understanding the business needs for data and continues through identification, creation, curation and storage.

The role of a data steward involves implementing the policies and standards set by a company’s governance framework. These include policies, roles and procedures for collecting, storing, analyzing and sharing data. Data stewards work in a wide range of departments and may be part-time. They must integrate with the data team and be fully aware of any changes affecting the company’s data.

Why is Data Stewardship Important?

Data is a critical asset for organizations today, as it can be used to make better business decisions and fuel modernization initiatives. However, without a good data stewardship program, your organization’s data could be inaccurate, unreliable, and outdated.

Data stewards are responsible for ensuring that data is safe, private, and consistent. They also ensure that all employees understand data stewardship principles and how they help their jobs.

Benefits of Data Stewardship

Data stewardship is an essential practice in managing a company’s data. It helps companies avoid errors, optimize processes, and gain competitive advantage while preventing data security issues and staying on the right side of the law. When done correctly, data stewardship can save your business time and money. It also helps your employees make smarter business decisions, as they can use accurate and up-to-date information.

Data steward’s roles and responsibilities

Data stewards are responsible for ensuring that all data in an organization is reliable and trustworthy. They are also responsible for determining the requirements and rules that govern how data is used in an organization.

Data stewards work closely with business glossary standards analysts, data architect/modelers and data quality (DQ) analysts to determine standards and controls for each data element. They also report internal metrics, evaluate issues and provide training to their team members.

Data Stewardship vs Data Governance

Data stewardship is a crucial component of effective data governance, as it ensures that the policies, processes, roles, and procedures outlined in a data governance framework are implemented correctly.

Typically, a data steward can help implement data governance initiatives, improve the adoption of policies and procedures, and ensure that users are held accountable for the data in their care. They can also work with teams to improve data management.

Data Stewards vs Data Analysts

Data stewards work closely with data analysts and data scientists. Compared to data stewards, data analysts tend to focus more on the raw data itself. They collect, organize and retrieve data to perform predictive analytics, which can help them predict future outcomes even as circumstances change. While these data analytics professionals help companies improve their business performance, they have a different level of control over data quality than a data steward.

Conclusion

A well-executed data strategy will pay off big time in the form of a happier, healthier and more productive workforce. Having a dependable data steward is like having a ninja in your front pocket. One of the most important things is establishing a data privacy policy before releasing any personal information. Privacy protocol, as mentioned earlier is an effective way to avoid embarrassing mishaps and legal pitfalls.

Data Science
Data Analyst
Programming
Data Management
Data Stewardship
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