The August 2024 brief emphasizes that rapid changes in financial services have made data governance increasingly complex, elevating it to a core enterprise function. Effective governance maximizes data asset value by ensuring proper storage, quality, and accessibility for timely decisions. An enterprise data catalog supports this by serving as a centralized source of reliable data for authorized users. As AI capabilities evolve, firms must establish robust governance technologies and processes before advancing, ensuring data integrity and compliance while enabling strategic and operational efficiency.

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