In this episode, Bethany Corbin and Christina Miller discuss:
What data governance is
What the consequences are for irresponsible data governance
How to maintain data equity
Why data governance is a front-end investment
Key Takeaways:
Data governance is how the culture in an organization makes decisions on how to organize and categorize data, who has ownership over it, who has access to it, and how decisions are made about how to engage with and use that data.
If companies don’t have a clear plan for how they’re going to either protect, sell or use their user’s data, they could actually end up perpetuating barriers around healthcare access.
We have to make sure to remove exclusion and bias in how we collect and process user data. If we're excluding certain categories, that the countries across the world who are buying using these products, it really diminishes the value of the algorithmic predictions
Hiring someone to ensure good data governance in your company is a front-end investment that ensures the sustainability of the company. Bring an expert in, or seek training from resources that are widely available on the internet.
“When you have a product that has taken into account so many users in an inclusive and effective way, that's how you're going to be able to identify and build market share quickly. And that's how you're going to have a really competitive product. ” - Christina Miller
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