Attard, JudieORCID: 0000-0001-7507-1864 and Brennan, RobORCID: 0000-0001-8236-362X
(2018)
Challenges in value-driven data governance.
In: OTM Confederated International Conferences "On the Move to Meaningful Internet Systems", 22-26 Oct 2018, Valletta, Malta.
ISBN 978-3-030-02670-7
Data is quite popularly considered to be the new oil since
it has become a valuable commodity. This has resulted in many entities
and businesses that hoard data with the aim of exploiting it. Yet, the
‘simple’ exploitation of data results in entities who are not obtaining
the highest benefits from the data, which as yet is not considered to
be a fully-fledged enterprise asset. Such data can exist in a duplicated,
fragmented, and isolated form, and the sheer volume of available data
further complicates the situation. Issues such as the latter highlight the
need for value-based data governance, where the management of data assets is based on the quantification of the data value. This quantification
will provide an opportunity for evidence-based approaches to data governance. This paper has the purpose of creating awareness and further
understanding of challenges that result in untapped data value. We identify niches in related work, and through our experience with businesses
who use data assets, we here analyse four main context-independent challenges that hinder entities from achieving the full benefits of using their
data. This will aid in the advancement of the field of value-driven data
governance and therefore directly affect data asset exploitation.
Metadata
Item Type:
Conference or Workshop Item (Paper)
Event Type:
Conference
Refereed:
Yes
Uncontrolled Keywords:
Data governance; data value; data asset; data exploitation
On the Move to Meaningful Internet Systems. OTM 2018 Conferences Confederated International Conferences. Lecture Notes in Computer Science
11230.
Springer International Publishing. ISBN 978-3-030-02670-7