Standardized Rules and Regulations

Data Governance Utilizing SharePoint provides a strong set of features to assist you in establishing standardized rules and regulations for data governance. These features can be leveraged to define and enforce data policies, ensuring consistency and compliance across your business organization.

Information Management Policies – SharePoint helps you create custom policies to control the lifecycle of your documents and data. These policies can be used to define auditing requirements, retention periods, and other rules related to data management.
• Site Columns and Content Types – By utilizing site columns and content types, you can standardize metadata across your organization. This ensures consistent classification of data and tagging, making it easier to search, retrieve, and analyze.
• Security and Permissions – SharePoint’s granular security and permission settings allow you to control access to sensitive data. You can define user roles and permissions to ensure that only authorized individuals have access to specific data and documents.
• Workflow Automation – SharePoint workflows can be used to automate data governance processes, such as approval, archiving, and review. This helps to enforce standardized rules and regulations consistently while reducing manual intervention as well as potential errors.

Data Stewardship

Data stewardship is a vital component of data governance, involving the management and oversight of an organization’s data assets. SharePoint can support data stewardship in a number of ways:

• Data Stewards and SharePoint Groups – Assign data stewards to specific SharePoint groups, granting them the necessary permissions and responsibilities for managing data within their domain. This ensures that there is clear accountability and oversight for data quality and compliance.
• Version Control and Auditing – SharePoint’s version control capabilities enable data stewards to track changes to documents and data, ensuring that modifications are traceable and auditable. This helps to maintain data integrity and compliance with both internal and external regulations.
• Reporting and Analytics – SharePoint has built-in reporting and analytics tools, allowing data stewards to monitor data quality and compliance. These tools can work to identify potential issues and trends, enabling data stewards to proactively address concerns as well as maintain data governance standards.

Data Governance Utilizing SharePoint – Conclusion

Implementing data governance through SharePoint requires a combination of standardized regulations, rules, and data stewardship. By leveraging SharePoint’s strong suite of features and functionality, you can create a comprehensive data governance framework that ensures data security, accuracy, and compliance. Establishing information management policies, site columns and content types, granular security settings, and automated workflows will help to enforce standardized rules and regulations. Empowering your data stewards with the appropriate tools and responsibilities will ensure effective oversight and management of your organization’s data assets. By combining these elements together, you can create a strong foundation for data governance utilizing SharePoint.

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Microsoft Viva – An Overview

Microsoft Viva is an employee experience platform that is designed to improve collaboration, communication, learning, and well-being within an organization. It was launched in 2021 and Viva is integrated with Microsoft Teams. It is comprised of four main components: Viva Connections, Viva Insights, Viva Learning, and Viva Topics. Each of these modules addresses different elements of the employee experience, working to foster a more connected and engaged workforce.

An Overview of Microsoft SharePoint

Microsoft SharePoint, conversely, is a robust content management and collaboration platform that has been around for nearly two decades. It allows its users to create, store, and manage documents, collaborate on projects, and build intranet sites to share information within their organizations. Microsoft SharePoint integrates with other Microsoft products like Office 365 and can be tailored and customized to meet a significant range of business needs.

ROI Considerations for Implementing Microsoft Viva:

• • Enhanced Employee Engagement: Microsoft Viva’s focus on the employee experience translates to higher engagement and productivity, which can ultimately lead to increased revenue and reduced turnover costs.

• • Improved Knowledge Management: Viva Topics uses AI to automatically identify and organize valuable company knowledge, which reduces time spent searching for information and increasing overall efficiency.
  • Streamlined Learning: Viva Learning centralizes training resources, making it easier for employees to access and complete relevant training. This can lead to higher skills proficiency and better performance.
  • Employee Well-being: Viva Insights offers personalized recommendations for better work habits and well-being, leading to a healthier, more productive workforce in your organization.

ROI Considerations for Utilizing Microsoft SharePoint

• • Cost Savings: SharePoint is usually more cost-effective than Viva, particularly for smaller organizations with more limited budgets.
  • Customization: The flexibility of SharePoint allows for significant customization to match unique business processes, which can often result in improved workflow efficiency.
  • Document Management: SharePoint excels at document management and collaboration, with features like version control, co-authoring, and approval workflows that can save your organization time as well as reduce errors.

Conclusion – Microsoft Viva versus Microsoft SharePoint – Which to Choose?

When evaluating the ROI of investing in Microsoft Viva versus Microsoft SharePoint, it is critical to consider your organization’s specific needs and objectives. Microsoft Viva provides a comprehensive employee experience platform that is designed to improve engagement, collaboration, learning, and well-being, while Microsoft SharePoint is a powerful content management and collaboration tool that can be tailored and customized to fit various business processes.

If your organization wants to emphasize employee engagement, knowledge management, and well-being, Microsoft Viva may provide you with a higher ROI. If cost-effectiveness and customization for specific workflows are your main concerns, Microsoft SharePoint may be the better choice. Ultimately, understanding your company’s requirements and goals will allow you to make the most informed (and best) decision.

Curious about implementing Microsoft Viva or Microsoft SharePoint for your business?  Contact 6th Street Consulting today to schedule your free consultation.

The post What’s the ROI of investing in Microsoft Viva for my company versus Microsoft SharePoint? appeared first on 6th Street Consulting.