A data governance tool is used to manage who is who, what, when, how and where your business’s information to ensure compliance and security. Data management professionals, IT departments and business analysts utilize it to maintain the consistency between data sources, simplify data sources, make informed decisions, and improve the efficiency of big data.

There are many different types of data management tools that each have their distinct features and functions. Start by identifying your unique business objectives and needs. This will enable you to narrow down your options. Create a list of all the features you need such as data lineage, metadata tracking and more.

Take into consideration the cost of the solution. While investing in a solution for data governance can be beneficial in the long-term however, it is important to ensure that the budget is balanced with the functionality you want.

For example, if you’re looking for a full-featured tool that can work with different governance https://ecodataroom.com/importance-of-online-data-rooms-in-mergers-and-acquisitions/ frameworks, check out Collibra. This solution comes with an integrated data catalog that profiles and documents all your data, as well as a data stewardship framework that helps business users. It also provides advanced search capabilities and an intelligent glossary of business terms for the same understanding.

Another option is erwin, which provides a simple and clutter-free representation of all your data. It also has an auto-classification tool that can detect relationships and anomalies in your data. It also helps you save time, automating routine tasks such as tracking data and resolving issues. In addition, it provides self-service access by integrating features for data discovery and reporting.