What is a key benefit of having data governance in place?

The choice of improved data management and regulatory compliance as a key benefit of having data governance in place is accurate. Data governance establishes a framework for managing data assets, ensuring that data is accurate, consistent, and reliable across the organization. This structure helps organizations meet regulatory requirements by setting policies and procedures that dictate how data should be handled, stored, and protected.

With effective data governance, organizations can mitigate risks associated with data breaches and non-compliance, which can lead to significant penalties and damage to reputation. Also, adherence to data governance principles enhances the quality of data used for decision-making, thereby enabling better strategic outcomes. While other options may touch on aspects of IT or operational efficiency, they do not capture the primary focus and benefits that an established data governance framework provides regarding data management and compliance.