Anjana Data and Kabel discuss the challenges and benefits of implementing data governance in energy sector companies in the webinar ‘Data Governance in the Energy Sector: Towards Programmed Self-Service’.’
Last Thursday, 22 April 2021, we had the opportunity to organise, together with Cable the webinar ‘Data Governance in the Energy Sector: Towards Scheduled Self-Service’. The presentation was coordinated by Ángel Galán, Head of Data & AI at Kabel, and Mario de Francisco Ruiz, CEO of Anjana Data.
The questions posed were as follows:
Why is data governance important in organisations?
According to Gartner, By 2023, all companies that have implemented data fabrics to dynamically connect, optimise, and automate data management processes will reduce data delivery time by 30% and automate manual transformations by 45%. Furthermore, according to this same data, it will facilitate the automation of data integration and management, reducing dependence on IT specialists by 20% and integration costs by 45%.
The CEO of Anjana Data stated that in order to achieve all these proposed business objectives, organisations must first adopt a data governance model focused on the business perspective. The goal is not to test new technology, but to reduce the dependency between business and technology and move towards greater self-service. Without this data governance, organisations will not be able to achieve these objectives, no matter how much technology they implement.
Data fabrics support the dialogue between data consumers and information resources through five pillars: orchestration model, layer of insight and automation, active metadata, knowledge and enrichment of this semantic layer and data catalogue.
In what cases has it become essential for companies in the energy sector?
Currently, companies in the energy sector face four (main) challenges/reasons for change that necessitate the implementation of proactive and preventive data governance:
- DataficationToday, we can generate data on everything that happens in the digital world. All this digital activity generates data and more data, in huge quantities, volumes that are measured in new orders of magnitude.
- DecentralisationThe decentralisation of information and network usage is a key factor from production to consumption.
- DecarbonisationAlongside the greenhouse gas emission reduction target set by the European Union. This change in model also refers to key aspects of energy policy such as security of supply and the competitiveness of the energy system.
- Cross-sector linkageThe links between sectors and businesses give rise to the need to integrate different types of data.
This sector is subject to very specific regulations, and within these regulations, data and data management are essential. Would you like to learn about the use cases and benefits of applying data fabric in the energy sector? The full webinar is now available, which also includes a demo of the solution we offer at Anjana Data for Data Governance, designed to help organisations implement their data strategy in the era of Big Data, Multi-Cloud and Data-Driven.