The role of data governance in corporate strategic decision-making

Csiszár, Csilla Margit and Horváth, Kata (2024) The role of data governance in corporate strategic decision-making. In: Business and Challenges in 2024. MTA MAB Gazdálkodástudományi Munkabizottság, Miskolc, pp. 49-58. ISBN 9786156448583

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Abstract

In the context of the 21st century’s rapid globalization and digital transformation, organizations face increasing pressure to adopt strategic and resource-efficient data management practices. Data has emerged as a critical asset, fundamentally influencing business performance and competitiveness. This study explores the multifaceted dimensions of digitalization and the data-driven economy, underscoring the strategic significance of effective data management within modern enterprises. Drawing on an extensive literature review, the research examines the roles and responsibilities linked to data as a corporate asset and develops a theoretical framework for understanding data governance – a domain that remains underexplored both in Hungarian and global academic spheres. The findings aim to enhance corporate data governance practices, offering insights to strengthen strategic decision-making processes.

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