Customers’ questions usually involve one of three risk factors:
Securing the data: Storing data in a public cloud infrastructure might concern large enterprises that typically deploy their systems on-premises and expect tight security. With a significant number of security threats and breaches in the news, organizations are concerned that they might be the next victim. These factors contribute to risk management concerns for protecting against unauthorized access to or exposure of sensitive data, ranging from personally identifiable information (PII) to corporate confidential information, trade secrets, or intellectual property.
Regulations and compliance: There is a growing set of regulations, including the California Consumer Privacy Act (CCPA), the European Union’s General Data Protection Regulation (GDPR), and industry-specific standards such as global Legal Entity Identifier (LEI) numbers in the financial industry and ACORD data standards in the insurance industry. Compliance teams responsible for adhering to these regulations and standards may have concerns about oversight and control of data stored in the cloud.
Visibility and control: Data management professionals and data consumers sometimes lack visibility into their own data landscape: which data assets are available, where those assets are located and how and if they can be used, and who has access to the data and whether they should have access to it. This uncertainty limits their ability to further leverage their own data to improve productivity or drive business value.
These risk factors clearly highlight the need for increased data assessment, cataloging of metadata, access control management, data quality, and information security as core data governance competencies that the cloud provider should not only provide but also continuously upgrade in a transparent way. In essence, addressing these risks without abandoning the benefits provided by cloud computing has elevated the importance of not only understanding data governance in the cloud, but also knowing what is important. Good data governance can inspire customer trust and lead to vast improvements in customer experience.
Who Is This Book For?
The current growth in data is unprecedented and, when coupled with increased regulations and fines, has meant that organizations are forced to look into their data governance plans to make sure that they do not become the next statistic. Therefore, every organization will need to establish an understanding of the data it collects, the liability and regulation associated with that data, and who has access to it. This book is for you if you want to know what that entails, the risks to be aware of, and the considerations to keep in mind.
This book is for anyone who needs to implement the processes or technology that enables data to become trustworthy. This book covers the ways that people, processes, and technology can work together to enable auditable compliance with defined and agreed-upon data policies.
The benefits of data governance are multifaceted, ranging from legal and regulatory compliance to better risk management and the ability to drive top-line revenue and cost savings by creating new products and services. Read this book to learn how to establish control and maintain visibility into your data assets, which will provide you with a competitive advantage over your peers.
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