The role of data governance in business agility is pivotal. Because, effective data governance practices are the foundations for agile decision-making and risk mitigation, enabling organizations to swiftly adapt to the constantly shifting demands of their clients and the market. In this article, we are going to know the role of PiLog’s lean data governance, its core principles, its top-notch features, and its key benefits for business agility and data quality.
Here, the goal of lean principles is to eliminate non-value-added components or waste in any business process and focus on the most essential data elements. So, many organizations have been inclining towards lean approaches to unlock the full potential of their data assets while reducing risks associated with conventional governance models and overhead costs.
Before delving deep, let’s get started with the basics.
Applying principles of lean management in data governance is known as lean data governance. It’s all about optimizing data management practices and helping to achieve regulatory compliance and operational efficiency. Unlike complex frameworks of traditional governance, lean data governance focuses on flexibility, agility, and data quality.
Agility
The lean principles of data governance facilitate scalability and flexibility that enable organizations to quickly adapt to ever-changing market conditions and business needs.
Improved data quality
PiLog’s data quality standards are compliant with ISO 8000, thus, lean data governance enhances data precision, completeness, accuracy, and consistency through set guidelines and data management standards.
Reduced overhead costs
Lean principles of data governance help eliminate unnecessary overhead costs associated with master data management by optimizing resource allocation and streamlining compliance efforts. As it focuses only on essential data elements, businesses can avoid costs associated with managing redundant data.
Competitive Advantage
Lean data governance enables businesses to make strategic decisions, identify new opportunities, allocate resources effectively, and adopt market changes. All these make them stay ahead of their competitors.
Speed to Market
With clear lean data governance policies and standards, businesses can optimize data management processes and reduce errors and delays. This leads to outstanding cross-functional collaboration, faster decision-making, and quick identification or rectification of errors or issues related to data. Thus, it accelerates the time it takes to bring services or products to market.
Real-time insights:
Lean data governance ensures accurate and up-to-date information on inventory data, providing real-time visibility into stock levels, locations, and movement. Also, it provides improved inventory accuracy and reduced carrying costs.
These are the three key principles on which PiLog’s lean data governance frameworks and processes are built.
Simple:
The governance policies, structure, and processes are simple and easy to understand to minimize complexity and maximize clarity.
Agile:
Agile principles are key to Lean Data Governance, emphasizing responsiveness, flexibility, adaptability, and iterative improvement to ensure governance's relevance and effectiveness over time.
Swift:
Speed and efficiency are top priorities while implementing and executing lean data governance.
Multi-domain, multi-tenant, multi-lingual:
PiLog’s lean data governance solution operates across multiple domains (Material, Vendor, Customer, Service, Equipment, HR, and Finance), serves multiple tenants (businesses of all verticals), and accommodates multiple languages (UI and Data content).
Compatibility & Interoperability::
PiLog’s LDG tool is designed to operate seamlessly across various platforms (Linux, Windows, MacOS), devices (desktops, laptops, tablets, smartphones), databases (MySQL, Oracle, MongoDB), application servers (Apache Tomcat and Microsoft IIS), and web browsers (Chrome, Firefox, Safari).
User-centric personalization:
The lean data governance framework provides enterprises with a personalized experience that does not compromise data quality, security, or compliance.
Seamless integration with ERP systems:
This lean data governance framework seamlessly integrates with all ERP systems and comes pre-configured for SAP and Oracle ERP platforms. Its versatility allows for easy adaptation to any organization's existing ERP infrastructure. With tailored configurations for SAP and Oracle, organizations can swiftly implement effective data governance without extensive setup time.
Powered with IntelliSense Smart Search and Fuzzy Search:
The tool utilizes advanced search capabilities. Smart Search suggests relevant search terms as you type, enhancing efficiency. Fuzzy Search allows for finding matches even with partial or misspelt queries, ensuring comprehensive results.
No JRE/Plug-ins Required:
PiLog’s Lean Data Governance operates without reliance on Java Runtime Environment (JRE) or plugins, simplifying deployment and reducing dependencies. Users can access and utilize the application directly through a web browser without needing additional software installations. This architecture enhances accessibility and minimizes compatibility issues across different systems or platforms.
It’s an HTML5-powered master data solution AI lens:
HTML5-powered solutions often offer great flexibility and accessibility across various devices as they leverage modern web standards for their functionality and interface. With a focus on Master Data Management, it’s crucial to prioritize user experience to ensure smooth data governance processes. PiLog integrates HTML5 technology to enhance usability and efficiency within data governance workflows.
AI lens:
AI lens is PiLog’s copilot, a virtual assistant. This conversational AI is an application of artificial intelligence that mimics human-like dialogue in response to questions, answers queries, acts as a subject matter expert and advisor to users, offers insights on particular data points, presents analytics, pivots data, and moves through processes in accordance with user-specified parameters.
Organizations can get PiLog’s Lean Data Governance through an annual subscription. The Basic Plan is ideal for small businesses, the Professional Plan is ideal for SMEs, and the Enterprise Plan is ideal for Large enterprises. You can schedule a demo for more details about each plan.
In a nutshell, many organizations face challenges in managing large volumes of data while assuring compliance and privacy. This is where lean data governance emerges as a solution, offering a streamlined data management process that provides agility and efficiency. So, choose a tool that embraces flexibility and adaptability like PiLog’s LDG.
