Data Governance in the Middle East (GCC) Financial Services Industry
Data Governance in the Middle East (GCC) Financial Services Industry This paper researches into the critical role of data governance in the rapidly expanding Middle East financial services industry, where data generation and utilization have surged alongside the growth. The escalating challenges in data management, security and compliance necessitate a structured approach. Data governance emerges as the solution to these challenges, offering a systematic framework to ensure data accuracy, enhance regulatory compliance and cultivate trust within the industry. The thesis underscores the necessity of effective data governance for sustaining growth, stability and trust in the expanding Middle East financial services sector. The paper highlights the transformative landscape of the industry, data management challenges and the multifaceted benefits of data governance, including improved data quality, regulatory alignment, operational efficiency and fortified security. Furthermore, potent...