5 keys to needing a good data governance in your business

In today’s business environment, data management has become a fundamental pillar to ensure security, accountability, and efficiency in handling information. Bismart, recently awarded the most prestigious Microsoft certification as specialized Solution Partners in Data & AI, emphasizes the importance of implementing data governance policies as a means to empower companies in the digital age. These policies play an essential role in establishing a solid regulatory framework for data management, thereby reducing the risk of security breaches and preserving user privacy. In this context, Bismart offers advanced solutions that enable organizations to effectively protect their data. According to a report by Statista, during the third quarter of 2022, approximately 15 million data records were exposed worldwide due to leaks, representing a 37% increase from the previous quarter.

Data Governance: From Regulatory Compliance to Value Generation

According to the latest figures from Statista, by 2023, 328.77 million terabytes of new data are being created daily, placing us in the era of information overload. The vast majority of companies already have all the data they need, yet they are unable to extract value from it because they do not know how to manage it. In fact, statistics indicate that 73% of an organization’s data is never successfully used for any strategic purpose.

In this sense, while data governance began to gain relevance due to the tightening of regulatory frameworks on data sharing and digital privacy, its main focus now is to help companies leverage the data they already have and transform it into business intelligence.

Data governance tools constitute a significant competitive advantage

Bismart has launched a set of data governance solutions for Power BI—the leading analytics and business intelligence solution in the market—that constitute a comprehensive management framework to optimize companies’ analytics resources.

Bismart’s data governance tools for Power BI help organizations efficiently solve the most important and common management issues in analytical environments like Power BI. They also provide a complete data governance framework that enables better management of available assets, empowers both technical and business users, facilitates information sharing internally and externally, and increases productivity.

“At Bismart, we understand that effective data management is essential for business success in the current digital era. Our data governance solutions are designed to provide organizations with the necessary tools to manage their data safely, efficiently, responsibly, and more productively,” says Bismart.

The implementation of these solutions not only protects companies from potential security threats but also drives operational efficiency and improves strategic decision-making. The company’s experts aggregate 5 reasons why SMEs should implement a data governance strategy:

– Ensures that data is accessible, protected, and of quality.
– Leads to better data analysis, which in turn leads to smarter decision-making and better support for operations.
– Helps companies comply with international privacy and data exchange regulations.
– Enables companies to gain a 360-degree view of their customers.
– Helps prevent information silos, optimizing productivity.

Bismart, which has doubled its turnover and staff in five years, continues to be a leader in the field of business technology, providing innovative solutions that enable organizations to face the challenges of data management in the digital age.

A clear example has been recently achieving the highest level of certification granted by Microsoft, positioning the company as one of the few in Spain with advanced specialization in ‘Analytics on Microsoft Azure’. Microsoft’s Analytics in Microsoft Azure specialization recognizes the company’s advanced expertise in planning and implementing cloud analytics services, as well as its ability to plan and deliver custom analytics solutions, following Microsoft’s best practices and industry standards. As specialized Solution Partners in Data & AI, Bismart ensures its prominent position among the leading companies dedicated to data analytics and artificial intelligence.

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