According to a recent Gartner study, by 2013 less than 10% of organizations will succeed in their first attempts at data governance.

This is no surprise, as poor data quality was reported by many businesses to be the leading challenge of business intelligence (BI) initiatives, with over 20% of businesses reporting losses of $20 million each as a result of bad data.

Though data quality and data governance require programs continuous planning, maintenance, and labor, your organization simply can’t afford to cut corners in these areas.