iWay Software Data Governance

Managing data quality is one of the most critical aspects of building a valuable information strategy. Corrupt, invalid, or incomplete data distorts metrics, reports, and predictions. Dirty data erodes and ultimately eliminates confidence in corporate information, and renders bad decisions that hinder performance and profitability.

Data governance – the orchestration of people, processes, and technology – restores that confidence, enabling data to be cleansed and managed so it can be used to accurately measure issues that directly affect progress towards strategic goals. iWay Software Data Governance tools from Information Builders allow companies to catch errors as transactions occur, before they have a chance to infiltrate the various systems on which they rely. Data stewards and stakeholders are able to effectively manage data with real-time profiling, workflows, cleansing, and monitoring. Data is managed at every stage and in every system: as it is collected, used in business processes, enters operational databases and applications, or accessed by users.

Critical elements of data governance include:

Data profiling, also referred to as data discovery, is the process of gathering data statistics to gain an in-depth understanding of corporate information. It makes it easier to precisely determine overall data integrity; identify, prioritize, and correct any issues or errors; and rectify the underlying causes. Ongoing monitoring allows companies to be more proactive in detecting and fixing future quality problems.

Data quality measures the accuracy, completeness, and consistency of data across a business. With data quality tools in place, companies can efficiently and effectively cleanse, standardize, enrich, match, and merge their data.

Master data management combines processes and technologies to create a single golden record – a set of validated, universally recognized values that are reconciled and stored in a centralized hub which stands as the primary frame of reference for all enterprise users. It also feeds complete, consistent, and correct data back to all applications and databases.

iWay DQC Portal enables organizations to better manage their data with custom workflows and an interface that is easy to use for both business and IT users. It simplifies data governance with comprehensive real-time oversight and management of all organizational data.