A new market research study on data governance by data services integrator, Nephos Technologies, has found that a quarter of UK businesses’ data governance programmes are failing to add value. Nearly 20% are only just getting started with their data governance programme and nearly half (46%) state they don’t have the skills or expertise to properly utilise the tools they have bought.
The survey was conducted in January 2022 and gathered insights from 300 CIOs, 300 CISOs and 300 DPOs (or equivalent). It revealed that organisations understand the positive business impact that results from good data governance initiatives, but many admit to facing significant challenges when it comes to the successful implementation of their data governance programmes.
The 900 survey respondents are at varying stages of their data governance programme rollout. Just under half (40%) had bought some tools but were unsure how to drive business value and outputs from those tools; 30% have invested in tools but admit to having unoptimised gaps in their approach to data governance and 18& know they need to act on data governance but simply don’t know how. Only a small minority (12%) admit they have a strategy but struggle with in-house expertise.
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