What is "Data Governance" in the context of compliance?

Data governance in the context of compliance encompasses the overall management of data availability, usability, integrity, and security within an organization. This framework is crucial for compliance as it ensures that organizations manage their data efficiently and in alignment with regulatory requirements. It focuses on the processes that enable an organization to effectively manage its data assets, making them accessible and usable while maintaining their accuracy and security.

By emphasizing the management of data availability and usability, organizations can ensure that their data practices support compliance efforts, enable accurate reporting, and facilitate informed decision-making. Effective data governance also includes establishing data ownership, maintaining quality standards, and implementing policies that govern data usage, all of which contribute significantly to compliance with various regulations and standards.

While the other options touch on aspects of data management, they do not encompass the broader concept of data governance. For instance, managing data security is just one component of a comprehensive data governance strategy, and focusing solely on data privacy pertains to a narrower scope of compliance related to personal data rather than the holistic view of all organizational data. Similarly, organizational budgets and employee data privacy are also important but do not directly define data governance in terms of compliance.