Why is Data Governance Training so Expensive?
/Data Governance is a critical function for organisations looking to manage their data effectively and ensure compliance with a growing array of regulations. However, many organisations and individuals are often taken aback by the high costs associated with Data Governance training.
So, I thought I’d take a deeper look at why Data Governance training is so expensive.
Expertise and specialised knowledge
Data Governance is a highly specialised field that requires a deep understanding of industry best practices. Additionally, there’s a LOT of information out there - all you need to do is type ‘Data Governance’ into Google and you will be overwhelmed by thousands of results it yields, many of which are ambiguous and in some cases even incorrect.
Because of the above, organisations need to rely on trainers who are seasoned professionals, who bring years of experience and extensive expertise to the table. Organisations are typically paying for the depth of knowledge and practical insights that these experts provide, which are essential for building a robust Data Governance framework.
Comprehensive and updated curriculum
The curriculum for Data Governance training is extensive, covering a wide array of topics. Creating and maintaining such a comprehensive curriculum requires significant investment.
Moreover, the field of Data Governance is continually evolving, with new regulations, technologies, and best practices emerging regularly. Training providers must constantly update their materials to reflect these changes, ensuring that participants receive the most current and relevant information.
Customised training solutions
Data Governance training might need to be tailored to the specific needs of an organisation. Customisation ensures that the training addresses the unique data challenges and regulatory requirements that the organisation faces. Developing customised training solutions involves additional effort and resources from the trainers, including time spent on research and preparation, which can contribute to the overall cost.
Expert networking opportunities
Data Governance training isn’t just about learning from instructors - it’s also about connecting with fellow data enthusiasts. Networking with industry experts and peers can provide invaluable insights, support, and collaboration opportunities. However, facilitating these networking opportunities requires additional time and resources, contributing to the overall cost of the training.
Return on investment
Despite the high initial cost, Data Governance training offers a substantial return on investment. Properly trained personnel can help an organisation, reduce inefficiencies, comply with regulatory requirements, improve data quality, improve decision-making and provide a solid foundation from which to embrace emerging technologies such as Gen AI, which requires good data. It will also help create a data culture at the organisation (click here to read my ‘What is the impact of a poor data culture’ blog).
These benefits far outweigh the costs, making the investment in training a strategic decision that pays off in the long run.
Value of training
Training extends far beyond merely mastering Data Governance. Quality training holds the potential to generate a broad and positive impact on your organisation.
Infopro Learning suggests that the success of an organisation is significantly influenced by its capacity to provide successful training. With the right training, organisations can ensure their employees are well-equipped to perform their jobs effectively (Infopro Learning, 2023).
Additionally, recent research from Continu in 2024 shows that training doesn't just help employees perform better; it also strengthens the workforce, aligns everyone with company goals, encourages knowledge sharing and innovation, boosts brand reputation and keeps top talent around. (Continu, 2024)
In short, investing in good training isn't just about teaching skills - it's about building a stronger, more successful organisation overall.
If you’d like to know more about how I can help you and your organisation be successful with Data Governance then please book a call using the button below.