For a long time, the importance of data governance to financial institutions has been self-evident. However, in practice, the prioritization of resource allocation toward data governance has often been relatively low. In recent years, with the rise of data science, AI, and even generative AI (Gen AI), the importance of data governance has been increasingly—albeit passively—highlighted due to technological advancements.
This article will focus on Data Governance, introducing and discussing it from various perspectives.