Data governance is an essential risk management function that provides key information for decision-making around information and cyber security spending. If we do not understand where our data is, how valuable our data is, or how it is protected, then we are probably making ill-informed judgments about where to spend our scarce information and cyber security dollars.
To protect our data, we need to understand it. Increasingly our data landscape is moving from a simple internally hosted one, to a complex multiple-hosted landscape across which we disclose, manipulate, and consume data. Often now our data is hosted across multiple cloud environments as well as on-premise – and this adds to the complexity. There is also an increasingly complex landscape of privacy and compliance that we need to navigate, and data governance provides the foundations for this as well.
Some of the important things that a data governance program can assist with include:
- Complying with increasing regulatory requirements.
- Improving data security via information and cyber security.
- Creating and enforcing data distribution policies.
- Creating the basis for effective data & analytics operations.
- Identifying your crown jewels for their protection by means of information and cyber security.