Data Governance
And the Importance to Not-for-profit Organisations
A recent report published by the Governance Institute of Australia found that almost 60% of boards do not understand their organisation’s current data governance challenges, and more than half cite a lack of capacity or resources as the reason they have no data governance framework. What is also interesting is that determining where the responsibility for data governance lies within the organisation varies greatly.
Understanding that your data is a valuable asset and that implementing an effective data governance framework is critical for your NFP.
This post is designed to assist not-for-profit organisations in fostering a comprehensive understanding of data governance while also offering a solution by highlighting the vast benefits of leveraging the Microsoft 365 ecosystem. If you already have M365 across your organisation, you can optimise tools you already have and may not be utilising. This saves money, which could otherwise be put back into your cause. An effective data governance system coupled with the economical, secure, and efficient features of Microsoft 365 could revolutionise your operational strategy.
Understanding the Importance of Data Governance
Leveraging Microsoft 365 for best value
Microsoft 365’s robust Security Features
Centralise and Organise for maximum efficiency
The Edge of Streamlining with Microsoft 365
Understanding the Importance of Data Governance
According to the report from the Governance Institute, Data Governance is the exercise of authority, control, and shared decision-making over the management of an organisation's data assets. With data being an increasingly valuable asset to any organisation, the implementation of an effective data governance framework is not just beneficial but critical. It involves the design and implementation of procedures to ensure responsible and legally compliant dealings with data, with the aim to protect your data assets, maintain stakeholder trust and maximise the commercial value and efficiency of data. Amidst the rise of data analytics, machine learning and AI as vital tools for businesses, how your organisation manages, uses, and shares data is crucial.
Leveraging Microsoft 365 for Best Value
Microsoft 365 offers an array of tools that eliminate the necessity of purchasing additional software from other vendors. By optimising what you’re already paying for, your organisation could save significantly, allowing you to direct your resources more effectively towards your mission.
Microsoft 365’s Security Features
Security is a key feature of Microsoft 365. With robust and reliable in-built security measures, Microsoft 365 ensures that your organisation's data is safeguarded at all times. You can focus on offering value to your cause while resting assured about the security of your data assets.
Centralise and Organise for Maximum Efficiency
Microsoft 365 allows you to establish a central point of reference, simplifying information access and collaboration within your organisation. This centralisation efficiently reduces wasted time and resources, providing a major strategic advantage. With everything in one place, your organisation can work more cohesively and efficiently towards its goals.
The Edge of Streamlining with Microsoft 365
Microsoft 365 offers a range of tools that allow your organisation to benefit from streamlined operations. The results can be enormous savings of time, money, and resources, providing you with even more leverage to put your mission first and foremost.
Integrating an effective data governance strategy together with the Microsoft 365 ecosystem has the potential to revolutionise your organisation's operations by enhancing efficiency and security while providing cost-effectiveness. Ultimately, this ensures a stronger efficacy in fulfilling your NFP's purpose."
Begin this step for your NFP with guidance from us at GBA Online. Discover how you can leverage the Microsoft 365 ecosystem in your organisation with a free 45-minute discovery session.
We look forward to meeting you and seeing how we can help your organisation understand the data governance environment.
Source: Data Governance in Australia 2023 Report, Governance Institute of Australia