Data quality and regulations are perpetual drivers for Data Governance and Stewardship solutions that systematically monitor the execution of data policy. And yet, there is a long road ahead to achieve Trust in Data. It is still a relatively unknown topic or comes with trauma from past failed attempts; there is no political framework with executive champions, leading to reactive rather than proactive behavior, and software support is marginal.
Data Governance and Stewardship requires automation of business semantics management at its nucleus, in order to achieve a wide adoption and confluence of Data Trust between business and IT communities in the organization.
In this lecture, we start by reviewing 'C' in ICT and reflect on the dilemma: what is the most important quality of data: truth or trust? We review the wide spectrum of business semantics. We visit the different phases of data pain as a company grows, and we map their situation on this spectrum of semantics.
Next, we introduce the principles and framework for business semantics management to support data governance and stewardship focusing on the structural (what), processual (how) and organizational (who) components. We illustrate with stories from the field.