A data governance method comprises the following steps. One or more data elements associated with an enterprise are identified as one or more critical data elements. A data structure is maintained for the one or more critical data elements. For a given critical data element, the data structure stores information that reflects an impact that the given critical data element had on at least one event associated with the enterprise. The method predicts a risk associated with a subsequent impact that the given critical data element may have on at least one subsequent event associated with the enterprise, wherein the risk of the subsequent impact is predicted using at least a portion of the information stored in the data structure.
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