Which of the following best describes the purpose of data governance?

The purpose of data governance is best described as managing data as an asset. This reflects the overarching goal of data governance, which is to ensure that data is treated as a valuable resource that needs to be properly managed, protected, and utilized throughout its lifecycle. By recognizing data as an asset, organizations can implement frameworks and structures that ensure data quality, privacy, compliance, and effective usage, thus maximizing its value for decision-making and operational efficiency.

Data governance encompasses various practices and policies that ensure data integrity, availability, and security, aligning with business objectives and legal requirements. This strategic oversight allows organizations to leverage their data for competitive advantage and informed decision-making, acknowledging its significance in driving business outcomes.

The other options, while related to aspects of data management, do not encapsulate the broader definition of data governance. Developing data integration strategies, identifying and eliminating data duplication, and creating data usage policies are all important components of effective data governance, but they represent more specific actions rather than the overall purpose. Data governance aims at a holistic management approach, which includes but is not limited to those activities.