Understand

Listen to the business, help assess issues, defines scope and requirements, and visualises success
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Definition:

Understanding the data environment, workflows and procedures, but most importantly business requirements is a critical process that serves as the foundation for effective data governance strategies. It involves a comprehensive exploration and comprehension of the specific needs, objectives, and constraints of a business,with the overarching goal of ensuring that data is handled, stored, processed,and utilised in a manner that aligns with organisational goals, industry regulations, and best practices.

The V1 stage is also critical in setting what success not only looks like but how it can be sustained going forward.

This process encompasses several key elements:

Stakeholder Engagement - By understanding unique perspectives across different business functions Verifi can tailor strategies to cater for diverse needs
Identification of Business Objectives - Gaining a clear understanding of the organization's objectives is crucial. This involves defining how data is used to drive business decisions, support processes, and enable innovation. By aligning data governance efforts with these objectives, organizations can ensure that their data practices are contributing to overall success.
Defining Success - It is critical not only to understand what success looks like but also to ensure success is sustained going forward in an environment where data, roles & responsibilities and even business objectives may change over time.