Why data governance is key to restarting growth

Many businesses still do not have a data governance mechanism. FILE PHOTO | NMG

World over, business executives are grappling with the onerous task of leading their organisations towards “Recovery, restoration and reopening” as summarised by Dr Lloyd Minor, Dean of Stanford University School of Medicine during an interview with MSNBC’s Brian Williams. In an April 2020 McKinsey & Company publication, “Restart”, the authors concluded that “The end of the lockdown will not spell a return to the old “normal”, nor will it be universal”.

The detailed 12-page piece sought to advise CEOs on how to relaunch economic activities in their organisations successfully as countries slowly reopen post the Covid-19 induced lockdowns. The authors called upon “executives to speed up their digitisation plans”.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.