When chatting with organizations about knowledge integrity, and the important thing position that each knowledge governance and location intelligence play in making extra assured enterprise choices, I maintain listening to the next statements:
- “For any group, knowledge governance is not only a nice-to-have!”
- “Everybody is aware of that 80% of knowledge comprises location info. Why are you continue to telling us this, Monica?”
As a matter of reality, understanding the significance of knowledge governance, the prevalence of location knowledge, and the way combining these may also help you enhance the success of your strategic knowledge applications is crucial.
This text explores how governing location-based knowledge can:
- speed up data-driven decision-making and regulatory compliance
- cut back redundant work and inefficiencies
- drive extra impactful outcomes in your group
Let’s begin with the primary assertion.
“Information governance is not only a nice-to-have.”
In accordance with Gartner, 80% of organizations may have deployed a number of knowledge hubs to drive mission-critical knowledge and analytics sharing and governance by 2026. Organizations all over the world are on their very own distinctive knowledge integrity journey to empower their groups with knowledge that’s correct, constant, and contextualized.
This journey should embrace a powerful knowledge governance framework to align folks, processes, and know-how, and allow them to know and belief their knowledge and metadata to realize their enterprise aims.
Corporations like Johnson & Johnson, Northwest Financial institution, and Central Insurance coverage have applied knowledge governance applications to enhance their analytics, streamline operations, and simplify compliance. These organizations perceive that knowledge governance has turn into an outright necessity, not an choice.
However there may be yet one more business-critical goal that closely depends on governance – and that’s maximizing the affect of location knowledge, which exists in excessive volumes throughout any group.
Now, let’s proceed to investigate the second assertion.
“80% of all knowledge comprises location-based info.”
In over 30 years of serving to clients throughout industries with their location intelligence and knowledge enrichment wants, we’ve found that greater than 80% of knowledge comprises location info.
No matter you need to name this knowledge – spatial, location, or geospatial – location-based knowledge can give you a world of invaluable context, together with:
- the place clients reside, work, and play
- ideally suited areas for retail factors of gross sales
- best-performing gross sales territories
- 5G protection areas
- risk-prone areas
Location-based knowledge is exploding proper now with metadata rising sooner than knowledge!
With that in thoughts, why do organizations nonetheless proceed to ignore how essential location knowledge is to their knowledge technique applications?
As clients, we use location knowledge each day – it’s simply simpler and sooner to get what we want from a map-based view! However most enterprises nonetheless contemplate working with spatial knowledge to be a posh workstream, managed by just a few expert specialists.
When you think about all of the context that location knowledge can present – and all of the unfavourable penalties of spatial knowledge being managed and consumed solely by siloed and remoted expert skilled groups – it turns into clear: location knowledge governance will not be a nice-to-have, it’s a necessity for any data-driven group!
Location knowledge governance is a enterprise crucial
Enterprise customers, knowledge stewards, knowledge specialists and analysts’ groups is perhaps asking themselves a lot of these questions on spatial knowledge each day:
- Who’s consuming our enterprise spatial knowledge by companies and purposes?
- The place is that this high-volume spatial knowledge saved?
- Who’s the proprietor of this spatial knowledge?
- Does our spatial knowledge adjust to our inside guidelines and regional rules?
- How will we align this important spatial knowledge to our enterprise objectives, aims, metrics, and processes?
- What’s the affect of adjusting the supplier of this third-party spatial knowledge?
Concurrently, spatial knowledge specialists and GIS analysts working in the exact same group is perhaps asking these questions on governing their spatial knowledge:
- Do now we have a proper knowledge governance technique that features our location knowledge?
- Does our group’s knowledge governance service embrace visibility and transparency into our location knowledge and its metadata?
- Ought to we share details about our spatial knowledge with different sectors and items inside our group?
- What’s the high quality and precision of this location knowledge?
Neither group may have clear and fast solutions except spatial knowledge is well discoverable, understood, and trusted by all customers.
Exactly recommends together with location knowledge in your governance technique to realize the next:
- Make higher data-driven choices by sharing trusted spatial knowledge and metadata throughout groups
- Handle prices with improved efficiencies, and elimination of redundant duties
- Improve the worth of your location analytics investments with wider publicity and understanding
- Enhance collaboration throughout silos to share experience and data about high-value belongings and utilization
- Cut back threat by way of knowledge governance workflow, stewardship, and coverage administration
Easy methods to deploy location knowledge governance
Exactly’s method to knowledge governance for spatial knowledge consists of the next capabilities:
- A business-first knowledge governance service that hyperlinks enterprise objectives, aims, and metrics to knowledge belongings – making it simple to establish worth and prioritize efforts. It additionally gives visibility into knowledge high quality and knowledge governance guidelines and scores by asset, so you’ll be able to simply assess trustworthiness.
- Governance instruments tailor-made for location knowledge, together with hyperlinks to detailed maps, easy accessibility to associated metadata, and the power to discover spatial belongings in affect or lineage view – all which empower you to take knowledgeable actions, quick.
- A spatial analytics service that provides highly effective spatial functionalities – like instruments for calculating distance, proximity, density, clusters, catchment areas – enabling customers to investigate knowledge in context and acquire significant spatial insights for extra assured enterprise choices.
To study extra about the advantages of location knowledge administration and governance, watch our webinar: Why spatial knowledge governance is important to your enterprise technique.
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