A data governance tool is a software that allows organizations to manage and regulate their data assets. It involves establishing and maintaining an centralized database of metadata for the company’s data assets, and automated processes to enforce policies and ensure quality. It also requires establishing methods for analyzing and collecting the data, identifying any gaps and recommending solutions. Data governance is an essential element of a data management strategy that provides value to an organization’s customers and helps to achieve its digital transformation goals.

The top-rated data governance tools are Collibra (formerly erwin Data Intelligence), Informatica, and Talend. All of them offer various capabilities, including data catalogs, policy management, and visualization of data lineage. Collibra also has the added benefit of a data jumpstart service that allows organizations to accelerate their data governance, MDM and other projects.

Other key features include data stewardship, workflow automation, data glossary and meta data management. Utilizing these features, a business can create a shared language and improve collaboration with other teams in the company. It also allows for automation of tasks and ensure that governance policies are updated when the business changes.

Another essential feature that some of the top data governance tools offer is the ability to protect data privacy that allow companies to categorize and protect personal data while keeping in line with privacy regulations. These tools also help to identify and flag data-related risks, allowing companies to respond to security breaches as well as other incidents.