As the new year kicks off, organizations are strategizing and planning for the year ahead.
Gartner states, “To increase business value, organizations will invest in data and analytics platforms, trust-based data sharing and synthetic data for AI development. However, expected returns on investment will fail to materialize, unless data and analytics leaders modernize existing governance practices.”

Gartner recommends data and analytics leaders responsible for data and analytics strategies should:

  • “Explore how data and analytics governance platforms can help achieve both enterprisewide and business-domain goals, and identify the decision point for your organization in relation to investment in such capabilities.”
  • “Establish more effective enterprise data sharing for the data you collect, use and share by introducing independent trust-based mechanisms for data, metadata and data sources.”
  • “Examine how synthetically generated data could be used in your AI development, and evaluate how it could be applied to AI capabilities in both internally developed and externally purchased applications.”
  • “Focus data and analytics governance on achieving specific business outcomes, and measure your governance success by improvements in key business indicators.”
  • “Shut down large-scale, all-inclusive data governance councils that result in much talk but little action. Instead, use your data and analytics governance initiative to mobilize key business leaders who impact business outcomes.”

Gartner, Predicts 2021: Data and Analytics Strategies to Govern, Scale and Transform Digital Business, 2 December 2020, Saul Judah, Andrew White, Svetlana Sicular, Lydia Clougherty Jones, Guido De Simoni, Ted Friedman, Mark Beyer, Jorgen Heizenberg, Sally Parker

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.

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GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.