Key Roles and Responsibilities in Data Governance
Organizations must comply with various regulations and standards governing data usage, such as GDPR, HIPAA, and others. This is why you need to understand the roles and responsibilities in data governance to help ensure compliance. No one puts the definition of data governance more aptly than Mike Ferguson, Intelligent Business Strategies – “Data governance is…
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Jul 23, 2024
Proactive Risk Management [How to Implement It]
Proactive risk management stops minor issues from escalating into business-wide crises. In February 2024, ransomware actors compromised Change Healthcare via stolen credentials for a remote access portal lacking multi-factor authentication. The consequences rippled far beyond an internal incident, immediately disrupting healthcare operations across the U.S. This high-visibility crisis is a stark warning: Every gap, no…
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Jul 22, 2024
How To Develop An Effective GRC Strategy?
At the 2022 MetricStream GRC Summit, Michael Rasmussen illustrated the interconnectedness of business risks using a “forest and trees” analogy. Imagine the complex business environment as a forest. Understanding how each tree (or risk) fits into the bigger picture is important because a minor vulnerability can escalate and set the entire forest ablaze. In other…
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Jul 22, 2024
Data Governance Maturity models: Which one to choose?
According to a recent study, about 60% of Chief Development Officers are said to prioritize data governance in 2024 because of the return on investment they receive. The benefits include increased funding, opportunity generation, and enhanced security. In fact, many organizations are now shifting data governance left, which involves early testing of data and ensuring…
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Jul 22, 2024
Governance Vs Compliance: Similarities, Differences and Common Misconceptions
When viewed from the outside, it is easy to misinterpret the results from compliance as indicators of good governance. For example, a partner might assume that passing a compliance audit signifies good leadership, a security-first culture, and a proactive approach to risk management. However, the company may have achieved compliance using a reactive approach and…
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Jul 22, 2024
Data Governance Policy: Steps to Create, Examples and Templates
TL, DR: A data governance policy is a guiding document on how to manage an organization’s information assets There can be different types of data governance policies such as data quality policy, data security policy, data privacy policy, data access policy and more To develop a data governance policy you must define your needs and…
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Jul 22, 2024