What is the importance of data governance in Workday Prism?

Data governance in Workday Prism is crucial because it encompasses the policies, procedures, and standards that ensure the quality, accuracy, and security of data within the system. Proper data governance establishes clear guidelines for how data is handled, who has access to it, and how it is maintained over time. This is essential for maintaining trust in the data being used for analysis and decision-making.

With effective data governance, organizations can mitigate risks associated with data breaches, ensure compliance with regulatory requirements, and provide consistent data quality. By implementing data governance, organizations can create a structured approach to managing their data assets, leading to more reliable insights and informed strategic decisions.

The other options do not accurately represent the purpose of data governance; for instance, data governance does not promote unlimited access, as it is essential to restrict data access to protect sensitive information. Similarly, while user training is valuable, it should complement data governance rather than replace the critical focus on data integrity and oversight within the organization.