What is an objective of data stewardship in MDG?

Enhancing data quality and integrity is a fundamental objective of data stewardship in Master Data Governance (MDG). Data stewards are responsible for overseeing and managing the organization’s critical data assets. They ensure that master data is accurate, consistent, and up to date, which directly contributes to the overall quality and reliability of the data used across the organization.

This role involves implementing data quality standards, validating data accuracy, and promoting best practices for data management. By doing so, data stewards help build trust in the data, enabling better decision-making and operational efficiency. The focus on quality and integrity means that organizations can rely on their master data to provide valuable insights and support various business processes effectively.

Improving data quality also helps mitigate risks associated with poor data management, such as compliance issues, financial discrepancies, or operational inefficiencies. Hence, the role of data stewardship is critical in the effective functioning of MDG initiatives.