Which of the following is a key benefit of data governance?

Study for the Oracle Analytics Exam. Get ready with flashcards and multiple choice questions, each featuring hints and explanations. Set yourself up for success!

The key benefit of data governance is that it establishes frameworks for data compliance. This involves creating policies, procedures, and standards that organizations must follow to ensure that their data is accurate, consistent, secure, and usable. By implementing these frameworks, organizations can meet legal and regulatory requirements, such as GDPR or HIPAA, ensuring that they handle data responsibly and ethically.

Moreover, effective data governance fosters trust among stakeholders by ensuring the integrity and quality of the data, which is critical for making informed decisions. It encompasses aspects like data stewardship, data quality management, and risk management, all of which contribute to an organization's ability to manage its data assets effectively and use them strategically to drive business value. This holistic approach helps organizations navigate complex environments where data privacy and security are paramount, ultimately leading to better decision-making and improved operational efficiency.

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