
The big data market is set to grow from $220B in 2023 to over $400B by 2028.
Source: Markets and Markets
Source: Spiceworks
Put simply, big data governance sets the rules for managing the massive, messy, and mixed data that companies rely on. Unlike traditional governance, it’s built to handle newer data types, social media streams, IoT sensor inputs, and constantly shifting formats.
Large volumes, fast flows and a wide variety are traits that demand something more than legacy systems can offer. The principles will seem familiar, but the approach must flex to fit data that never stands still.
Why does it matter? Because when governance is done right, teams can actually trust the data they use. It keeps businesses on track with privacy laws like HIPAA and GDPR, cuts back on waste, lowers risk, and unlocks smarter decisions. Companies handling big data effectively managed to boost their revenue by 8% and reduce costs by 10%.
Key differences between data governance and data management across roles, goals, and processes.
Source: NextGen Invent
Top big data challenges businesses must address.
Source: Waterloo Data




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