Every second, a huge amount of data is generated from a plethora of sources globally. There is a greater need for enterprises, on their journey towards digital transformation to establish a common understanding, common terminology, and a consistent view of their data. It is estimated that 463 exabytes of data will be generated globally by the year 2025. As data is a valuable asset, enterprises continue to focus on capitalizing on it with the help of Data Governance which helps to define roles, responsibilities, and processes. The involvement of data, processes, people, enterprises, and technology is crucial in implementing a successful Data Governance. The vital key in getting high-quality data at the very first instance is to have a structure that enables you to channelize, store and communicate the data easily by having a Data Governance Framework. There is a greater need not only to focus and maintain the initial quality of the data but also to maintain its highest standards. Harnessing the power of Data in the present, as well as the future is a constant challenge and an ongoing effort that requires monitoring and maintenance for enterprises by focusing on Data Quality. The success of any Data Governance program can be determined with effective communication amongst business units, information technology and data stakeholders.