Video Summary:

Understanding the Role of a Data Steward: A data steward plays a critical role in ensuring that data usage and security policies, as determined by enterprise data governance initiatives, are effectively implemented. Acting as a bridge between the IT department and the business side of an organization, the data steward facilitates collaboration and promotes data democratization, ensuring that data is accessible and usable across the organization.

Roles and Responsibilities of a Data Steward:

• Creating Data Assets: Develops and manages data assets that are essential for business operations.
• Optimizing Workflows: Streamlines workflows and enhances communication across departments.
• Defining Access Policies: Establishes policies that determine who has access to specific data.
• Ensuring Data Quality: Maintains high standards of data accuracy, consistency, and reliability.
• Protecting Data Assets: Safeguards data by implementing and enforcing security measures.

Benefits of Data Stewardship:

• Faster Analysis: Facilitates quicker data analysis by ensuring data is well-organized and accessible.
• Efficient Data Mapping: Simplifies the mapping of data between systems, improving data integration and exchange.
• Risk Mitigation: Reduces data-related risks, including those associated with privacy and legal compliance.
• Consistent Resource Use: Ensures consistent and efficient use of data management resources.
• Cost Reduction: Lowers operational costs by improving data management processes.
• Better Control: Enhances control over potential dangers related to data privacy, legal errors, and other risks.

Types of Data Stewards:

• Data Object Steward: Manages reference data for a specific type of data used by the business, such as customer data.
• Business Data Steward: Oversees data related to business references and transactions within business processes.
• Process Data Steward: Manages all data associated with a single business process.
• System Data Steward: Responsible for data management within one or more IT systems, such as managing email or phone data.

Mnemonic Reviewer:

• Creation (Creating Data Assets)
• Optimization (Optimizing Workflows)
• Access (Defining Access Policies)
• Quality (Ensuring Data Quality)
• Protection (Protecting Data Assets)
• Faster Analysis (Benefit of Stewardship)
• Types (Types of Data Stewards)

(“COAQPF-T” to remember the key responsibilities, benefits, and types of data stewards.)