Business:Concepts:Principle:Accountability and Action Provoking Information Is An Asset
- See also:
<data principle #PRINC-xxxx>
Title : Accountability and Action Provoking Information is an Asset
Statement : Accountability and Decision Aiding Information is a valuable asset to organisations and is stewarded and managed accordingly.
Rationale : Relevant, accurate, timely, accessible information is critical to accurate, timely decisions and therefore is valuable. Valuable organisation assets are carefully managed and stewarded to improve data quality by removing obsolete, incorrect, or inconsistent information that will adversely affect decisions across the sector.
Impact : This is one of three closely-related principles regarding data: data is an asset; data is shared; and data is easily accessible.
The implication is that there is an education task to ensure that all sector organizations understand the relationship between value of decision aiding information, sharing of information, and accessibility to information.
Stewards must have the authority and means to manage the information for which they are accountable.
We must make the cultural transition from “data ownership” thinking to “data stewardship” thinking.
Part of the role of data steward, who manages the data, is to ensure data quality. Procedures must be developed and used to prevent and correct errors in the information and to improve those processes that produce flawed information. Data quality will need to be measured and steps taken to improve data quality - it is probable that policy and procedures will need to be developed for this as well.
A forum with comprehensive sector-wide representation should decide on process changes suggested by the steward.
Since data is an asset of value to the entire enterprise, data stewards accountable for properly managing the data must be assigned at the sector level.
Resources : * Principle
* See TOGAF Principle 9
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