Data governance tools arrange all of the company’s data into an easy-to-read data catalog, allowing users who have the right rights to look at and collaborate in just a few minutes. They also automatize certain functions, helping to improve productivity and free up time of the teams working on data to focus on more complex issues. They improve the level of understanding and data literacy throughout the organization, by providing users with self-service access to reliable, quality data.
Hevo’s Data Governance Tool offers a comprehensive set of management features, including a data catalogue, metadata management, and data lineage. It also provides an infrastructure for the creation of standard business glossary and data assets. The PII and other information standards can be automated managed by advanced algorithms. It is a cloud-based and on-prem solution that is able to support a federated governance environment that is governed by a central system that manages the master data attributes of the core while specific attributes for each application are handled by distinct governance systems in business units and departments.
Another company is Alation that offers a complete set of data governance features within its data catalog software. The underlying technology scans databases, data lakes, and data warehouses to discover metadata and use automated analysis to detect different kinds of data. Its data stewardship tool allows users to define policies which assign roles and an analytics engine that can display trends in the data usage. Alation has a diverse range of clients, including GlaxoSmithKline and the Singapore Tourism Board. It also collaborates with NASDAQ, Autozone, NASDAQ, Air France and NASDAQ.
Another alternative is erwin. This incorporates data governance and other functionalities in an integrated software suite. It links physical metadata to specific business terms to enable users to locate and collect relevant data, assess lineage and audit data sets for compliance purposes. It also allows organizations to apply version control to data quality rules and governance standards as well as monitor changes to metadata through its Data Jumpstart service.
https://ecodataroom.com/importance-of-online-data-rooms-in-mergers-and-acquisitions/