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Up to 72% of major Czech companies are currently in the initial stages of implementing data governance. Approximately one-fifth of these companies recognize its importance but are yet to effectively manage it. Only 6% of companies are not taking any steps in this direction. These findings emerge from a survey conducted by Adastra among top executives and C-level management across a broad business spectrum in large Czech firms.
Nearly three-quarters of large Czech organizations (72%) are presently navigating the initial phases of data governance. Either they are in the stage of developing a concept (36%) or are in the process of implementing data governance (36%). A full fifth of companies understand its necessity but are struggling to manage it (21%). In total, 6% of companies do not require and are not addressing data governance.
- 36% of companies are designing a data governance concept
- 36% are implementing it
- 21% recognize the need but are unsure how to proceed
- 6% do not require and are not addressing data governance
David Kaláb, Vice President of Data Management at Adastra CZ, comments, “It’s encouraging to see a significant decrease in the number of companies not addressing data governance. However, I am fairly certain that it does not mean these companies do not need it. From experience, it’s often those who have not yet realized that effective and managed data handling is essential.”
The main barriers to data governance
Lack of funds, human resources, capacity, and understanding from top management
The primary challenges companies face in relation to data governance include limited budgets, a shortage of human resources, and capacity, as indicated by 34% of the surveyed companies. Another 30% point to insufficient engagement from stakeholders and top management. Companies also struggle with data quality issues and a reluctance to share data across different departments or units, a challenge equally noted by 16% of companies.
- 34% complain about limited resources and budget
- 30% cite insufficient interest from stakeholders and top management
- 16% point out data quality issues
- 16% face challenges in sharing data within isolated data silos
Communication difficulties and proving the benefits of data governance
As the survey indicates, many companies highlight the challenge of communicating with stakeholders and top management. A total of 59% of companies are dedicated to educating them in the area of data governance, but lack the experience and know-how to:
- Clearly and understandably explain what data governance is (25%)
- Find and illustrate specific examples where it has helped (19%)
- Establish a tangible ROI and other benefits for the organization (9%)
Only a mere fraction of organizations (19%) demonstrate the benefits of data governance through success stories. The ability to calculate and prove the return on investment in data governance is only evident in 9% of large companies. Nearly half of the organizations (41%) do not engage at all in the evangelization and education of top management in the area of data governance.
David Kaláb adds, “I view it positively that companies see value in data that needs to be cared for. They understand that robust data governance can help them be more successful in a highly competitive environment.”
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