Data governance is a set of processes that must be defined and managed in companies to ensure data security, reliability, integrity, documentation, administration, and auditing. It includes internal data control policies and procedures and contributes to implementing a managed data quality model in all phases of the data lifecycle. Discuss how effective data management policies and procedures can improve business results and drive growth. Also, in today's competitive market, do you think it is a requirement for organizations to have effective procedures that ensure security?