Record governance is a system that allows us to know which system owns a record. This ensures that data is managed and maintained correctly throughout its lifecycle. When a system creates a record, it automatically governs it, and if needed, governance can be transferred to another system. For example, if a oil and gas company sells a well to another company, governance for the data for that well would transfer to the new owner. This helps all systems to know which system to go to, to get the gold version of a record.
The benefits of record governance are:
Critical for data integrity - Record governance is critical for data integrity because it allows us to aggregate data and automatically know which system's version of a record to use. This ensures that the most up-to-date and accurate data is used throughout the organization.
Flexible - Record governance allows governance to be managed for record groups such as contact and its addresses. It also has features for transferring governance from one system to the next, which makes it flexible and adaptable to changing business needs.
Powerful - Record governance allows different systems to hold governance for records within a table. This means that records can be managed by multiple systems, which increases the efficiency of data management.
Performant - As a result of the primary key, record governance can be accomplished with little overhead. This means that data can be managed and maintained without impacting system performance.
For more information on Record Governance, please check out the following video. https://m1archive.s3.us-west-2.amazonaws.com/Videos/Record+Governance.mp4