What is Data Governance?

Data Governance refers to the overall management of the availability, usability, integrity, and security of data used in an enterprise. It's a set of processes, roles, policies, standards, and metrics that ensure the effective and efficient use of information in enabling an organization to achieve its goals. It involves the orchestration of different roles involving the handling of data, including data stewardship, data quality management, and data architecture.

In the context of a company like Philip Morris, data governance could involve managing and utilizing data to make strategic decisions, such as the acquisition of a medical inhaler company or the transformation into an ESG stock. It could also involve ensuring the integrity and security of data related to its products, customers, and business operations.