Bismart Blog: Latest News in Data, AI and Business Intelligence

Data Governance and Artificial Intelligence for Data Management

Written by Núria Emilio | May 28, 2024 8:30:00 AM

In today's digital age, data plays a fundamental role in the effective functioning of any organisation. In this context, effective data management is as important as data collection. 

Data management is closely linked to data governance, as the two disciplines work together to ensure that data is used appropriately. While data governance sets out the what and why (the rules and objectives), data management focuses on the how (the day-to-day operations and processes to comply with those rules). 

 

In recent years, due to significant advances in artificial intelligence, leading companies are beginning to exploit the new capabilities of AI in the area of data governance.

Data governance, combined with artificial intelligence (AI), offers an unprecedented opportunity to transform the way organisations manage and use their data. 

What Is Data Governance?

Data governance refers to the comprehensive management of the availability, usability, integrity and security of data used in an organisation. It includes a set of practices, policies and procedures that ensure that data is properly managed and used as a strategic asset. The main components of data governance include:

  1. Strategy and Policies: Establishment of standards and guidelines for data management.
  2. Data Quality Management: Ensuring that data is accurate, complete and reliable.
  3. Security and Privacy: Protecting data against unauthorised access and breaches.
  4. Data Architecture: Designing systems and structures to support data management.
  5. Monitoring and Reporting: Continuous assessment of data quality and compliance with data policies.

The Role of Artificial Intelligence in Data Governance

Artificial intelligence is revolutionising data governance by introducing automation, accuracy and the ability to manage large volumes of data.

Below, we explore some of the key areas where AI is making a difference in data governance:

1. Process Automation

Artificial intelligence is very useful for automating repetitive and time-consuming tasks related to data management, such as cleaning and sorting. Machine learning algorithms can identify and correct errors in data, reducing human intervention and minimising the risk of errors.

Process automation allows data teams to focus on more strategic, high-value tasks.

2. Improve the Quality of your Data

Data quality is crucial for business decision making. AI algorithms can analyse large data sets to identify inconsistencies, duplicates and errors. In addition, they can anticipate and prevent future problems by continuously learning and adapting to new conditions.

3. Security & Compliance

Artificial intelligence is essential in ensuring data security and compliance with international standards by detecting suspicious activity and preventing data breaches. AI systems can monitor access to data and detect unusual patterns that could indicate a threat.

In addition, they can help comply with privacy and data protection regulations, such as GDPR, by automating audits and generating compliance reports.

4. Optimization of Decision Making

Artificial IntelligenceI's ability to analyse large volumes of data in real time enables companies to make more informed, data-driven decisions. Predictive models can provide valuable insights into future trends, customer behaviours and market opportunities.

This not only improves decision making, but also provides a significant competitive advantage.

Success Stories in Implementing AI in Data Governance

1. Open data system

The open data system implemented by the city of Curitiba has revolutionised the way the city council communicates with citizens. Through the use of artificial intelligence, a highly efficient chatbot has been created that responds to citizens' queries quickly and accurately, greatly improving satisfaction and transparency in government management.

This innovative system not only facilitates access to information, but also encourages greater citizen participation by providing immediate and reliable responses to citizens' concerns.

The integration of AI in the communication between the city council and citizens marks a milestone in the modernisation and improvement of public services, paving the way towards a more efficient and citizen-friendly administration.

2. Chatbot para la gestión de consultas de la ciudadanía

‘Boti’ is a chatbot promoted by the government of Buenos Aires that is powered by artificial intelligence and natural language processing (NLP), a form of text analytics. The chatbot has transformed citizen interaction with government services.

This has significantly improved accessibility to information and procedures, optimising the handling of citizen queries efficiently and effectively. By providing fast and accurate responses, ‘Boti’ has increased citizen satisfaction and contributed to greater transparency in government management.

Its successful implementation highlights the positive impact of artificial intelligence in improving public services and promoting greater citizen participation.

3. Skill matching algorithm

An employment service in Belgium has implemented an artificial intelligence platform that connects job seekers with employers more effectively. Using advanced skills-matching algorithms, the system not only improves the efficiency of the labour market, but also facilitates the job search by significantly reducing the time candidates spend looking for job opportunities that match their skills and experience.

This AI platform accurately analyses candidates‘ skills and competencies, as well as employers’ requirements and needs, enabling a perfect match between the two.

Thanks to this technology, both job seekers and companies looking for talent can quickly find the ideal match, resulting in higher job satisfaction and greater efficiency in the hiring process.

4. Detection of tax evasion

In a Colombian city, the tax department has implemented a machine learning system to identify tax evaders. This innovative system uses advanced algorithms that analyse patterns of financial behaviour to detect possible irregularities in tax declarations.

Thanks to this cutting-edge technology, it has been possible to increase the efficiency of tax collection by quickly and accurately identifying taxpayers who are trying to evade their tax obligations.

The implementation of this artificial intelligence tool has enabled the tax department to improve its ability to combat tax evasion, ensuring greater equity in the distribution of the tax burden among citizens. In addition, this system has contributed to strengthening transparency in the management of public resources, promoting a culture of tax compliance in the community.

5. Forecasting of hospital admissions

The implementation of machine learning tools in Australia's public hospitals has revolutionised healthcare management. These advanced technologies can predict patient admissions, thereby optimising resource allocation and improving operational efficiency.

With the ability to anticipate demand for care, hospitals can more accurately plan the allocation of staff, beds and equipment, ensuring timely and quality care for all patients. This not only improves hospital management for the benefit of patients, but also optimises internal processes and reduces waiting times, providing more efficient and satisfactory care for all.

Artificial Intelligence and Data Governance: Challenges and Considerations

 

While the integration of artificial intelligence in data governance offers numerous benefits, it also presents significant challenges. These include the importance of ensuring data privacy and security, managing data quality, and adapting to evolving regulations.

Moreover, having the right technological infrastructure and skilled personnel is essential to fully leverage the capabilities of AI.

 

1. Privacy and Security

Privacy and data security are critical issues when using AI in data governance. It is essential to implement robust security measures to protect data against unauthorised access and breaches.

Organisations must also comply with privacy regulations such as GDPR, ensuring that data is used ethically and responsibly.

2. Data Quality

Data quality is essential to the success of any AI initiative. Data must be accurate, complete and up-to-date.

Organisations must establish rigorous data quality management processes and use AI tools to identify and correct errors, thus ensuring the reliability of the information.

3. Data Compliance

Data compliance is a major challenge. Enterprises must be aware of local and international regulations affecting data use and ensure that their data governance practices comply with these regulations.

AI can assist in this aspect by automating audits and compliance reporting, facilitating adherence to current regulations.

Conclusion

 

Artificial intelligence is revolutionizing data governance, offering new opportunities to enhance data efficiency, quality, and security. As organizations embrace these technologies, it is crucial to maintain a focus on data privacy, security, and ethics to ensure responsible and beneficial adoption.

Organizations that effectively implement AI-supported data governance will be better equipped to tackle future challenges and maximize the value of their data. The integration of AI into data governance not only enhances decision-making and operational efficiency but also provides a significant competitive advantage in today's market.

Data governance and artificial intelligence emerge as key elements for success in the current business landscape.

 

Would you like to optimise your enterprise data management with a Data Management Plan?

Discover how to take your data management strategy to the next level with our complete guide to data management: ‘The New Era of Data Management: A Complete Guide’.

Download it now and unlock the full potential of your data!