Understanding the Role of Data Governance in BI

Act as a business intelligence consultant and explain the importance of data governance frameworks in maintaining data integrity and supporting business intelligence initiatives. Provide a detailed overview of key components such as data quality management, data security, compliance, and data stewardship. Discuss how these elements contribute to reliable decision-making and actionable insights. Highlight potential challenges and best practices for implementing a robust data governance strategy within an organization. Tailor your explanation to be accessible to business executives and BI professionals, ensuring clarity and relevancy.