K
Kathleen Martin
Guest
Whether an organization is large or small, private or public, many chief data officers (CDOs) are dealing with the exponential growth of their data. Based on my experience working with leading enterprises in Latin America, the investment in advanced analytics increased by 22% in less than a year. The amount of stored customer data in Microsoft Azure and the variety of the data has also doubled in the last three years.
IT leaders are handling this complexity while working to meet existing regulatory requirements, facilitating access to data and delivering value from that data. To address an organization's needs related to operational databases, big data, advanced analytics and artificial intelligence (AI), a seamless data platform can empower organizations to invest more time in creating value through business agility and innovation.
However, to deliver on the promise of data value to the business, CDOs must collaborate with chief information security officers (CISOs) to ensure the organization also manages the risk of data breaches and regulatory compliance. Together, they need to achieve a higher state of security, privacy and compliance across their entire data estate and throughout the data life cycle.
Five Governance Capabilities To Consider
For CDOs and CISOs beginning or continuing their data governance journey, it is worth considering the following five capabilities.
1. Data Visibility
An organization should have the ability to manage the creation and storage of data in any solution and the need to maintain a basic level of metadata. Therefore, it is important to have processes and tools to scan and collect the metadata required to create and maintain a physical inventory of specific data assets.
2. Data Discoverability
A vital part of any data governance strategy is empowering people of the data ecosystem to find and maintain metadata. This includes business glossaries, data dictionaries and data catalogs.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/06/30/data-governance-protect-while-generating-business-value/?sh=22f670f74990
IT leaders are handling this complexity while working to meet existing regulatory requirements, facilitating access to data and delivering value from that data. To address an organization's needs related to operational databases, big data, advanced analytics and artificial intelligence (AI), a seamless data platform can empower organizations to invest more time in creating value through business agility and innovation.
However, to deliver on the promise of data value to the business, CDOs must collaborate with chief information security officers (CISOs) to ensure the organization also manages the risk of data breaches and regulatory compliance. Together, they need to achieve a higher state of security, privacy and compliance across their entire data estate and throughout the data life cycle.
Five Governance Capabilities To Consider
For CDOs and CISOs beginning or continuing their data governance journey, it is worth considering the following five capabilities.
1. Data Visibility
An organization should have the ability to manage the creation and storage of data in any solution and the need to maintain a basic level of metadata. Therefore, it is important to have processes and tools to scan and collect the metadata required to create and maintain a physical inventory of specific data assets.
2. Data Discoverability
A vital part of any data governance strategy is empowering people of the data ecosystem to find and maintain metadata. This includes business glossaries, data dictionaries and data catalogs.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/06/30/data-governance-protect-while-generating-business-value/?sh=22f670f74990
