This fact sheet explains how organizations can reduce unnecessary third-party data costs caused by siloed procurement and decentralized purchasing. It highlights how duplicate datasets, inconsistent definitions, and poor visibility increase spend and compliance risk. Collibra centralizes third-party data inventories, captures metadata on purchases, and standardizes acquisition workflows. Active metadata and lineage help identify redundancies, while certification and classification improve trust and compliance. The document notes potential cost reductions of around 20%, translating to hundreds of thousands or millions in annual savings. Centralized governance improves agility, cost allocation, and regulatory compliance.

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