Stefaan Verhulst, Chief Research & Development Officer at NYU Governance Lab, and Malarvizhi Veerappan, Senior Data Scientist at the World Bank, join the conversation on data governance and quality. They discuss the essential components of data quality, comparing it to baking a cake for effective decision-making. The duo shares insights on balancing innovation with governance while establishing trust through the 'five Ps' framework. Their practical examples, especially from the banking sector, highlight the collaborative effort needed to enhance data management.