NASHUA, NH, June 17, 2024 – Dresner Advisory Services today released the 2024 Data Governance and Analytics Market Study, part of the Wisdom of Crowds research series. Data and analytics governance provides formal oversight of the management of data and analytics content and its use across the enterprise and beyond.
The Data and Analytics Governance Study Report 2024 analyzes end-user behaviors and intentions around the relative importance of governance in technologies and initiatives, difficulty in finding data and analytics content, and organization and practices related to data and governance analytical.
According to the study, only 32 percent of respondents report having a formal governing organization; 69 percent indicate some level of difficulty in finding data and analytical content. Among respondents reporting a data governance organization, 52 percent report to the Chief Data Officer function, followed by 18 percent who report to IT.
“The rapid integration of Machine Learning and Artificial Intelligence (ML/AI) is expanding and accelerating reliance on data and content analytics, yet relatively few organizations address governance on a deliberate and comprehensive basis,” said Howard Dresner, founder and chief research officer at Dresner Advisory. “Realizing the promise of becoming a data-driven organization with corresponding risk mitigation will require establishing a holistic formal governance program, executed at the enterprise level and enabling technology that includes organizational data, content analytics and ML / AI assets.”
Dresner Advisory also published a companion report covering Data Catalogs. The importance of a data catalog stems from its ability to improve data discovery, enable data governance and compliance, foster collaboration, support data integration and analytics, and facilitate decision-making. data driven. It serves as a foundational technology that supports the effective management and use of data within organizations.
Wisdom of Crowds research is based on data collected on usage and deployment trends, products and vendors. Users in all roles and across all industries contributed to provide a comprehensive view of market realities, plans and perceptions. For more information visit www.dresneradvisory.com.
About Dresner Advisory Services
Dresner Advisory Services was formed by Howard Dresner, an independent analyst, author, lecturer and business consultant. Dresner Advisory Services, LLC focuses on creating and sharing thought leadership for Business Intelligence (BI), Performance Management and related fields.
Source: Dresner Advisory Services
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