Automating Data Governance to Stay Ahead of Exploding Data Volume

By |2024-03-12T16:26:21-04:00December 30th, 2020|Data Compliance, Information Governance and Management, Technology|

Organizations generate huge amounts of data every day. Properly governed, that data can drive business strategy and decision-making. However, while essential, data governance can also prove complicated and time-consuming. Automating data governance can save time and money, simplify regulatory compliance, and improve decision making. Automated tools such as artificial intelligence (AI), machine learning and robotic process automation (RPA) take care of redundant tasks. In addition, through identifying patterns, these technologies can strengthen data security and improve accuracy. And with automated data lineage and classification, organizations gain quicker access to trustworthy data. Augment Cyber Security with Machine Learning AI has become

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5 Data Governance Best Practices for 2021

By |2021-01-18T01:18:43-05:00December 22nd, 2020|Data Compliance, Information Governance and Management, Privacy|

The challenges of 2020 have required organizations to adjust their focus moving forward. Millions of workers have switched to remote work, a trend likely to continue long-term. At the same time, the expansion of data privacy regulations in an era of big data creates additional challenges. The data governance best practices listed below can help you stay on top. Data governance incorporates the processes and rules that guide the use of information, thus helping to ensure that users have access to quality data. Some benefits of data governance include increased productivity, reduced risk and simplified regulatory compliance. 1. Structure Data

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Business Process Modeling Used to Enhance Data Governance

By |2024-03-12T16:37:52-04:00December 9th, 2020|Data Compliance, Information Governance and Management|

Data Governance policies specify who has access to data when, and who is accountable for the information. They also govern how the data is stored and maintained, mapped between systems, secured, backed up, and archived. By visually representing these activities and relationships, business process modeling emerges as an effective tool for enhancing data governance practice. Business Process Modeling Communicates Policy The growing number of industry regulatory standards that influence data governance means that more companies have to deal with compliance. These regulations include: Sarbanes–Oxley (Financial Reporting) Basel I, II, and III (International Banking) HIPAA (Healthcare) GDPR, CCPA, SHIELD, etc. (Data

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How Data Compliance in the Cloud Happens

By |2020-11-17T05:47:47-05:00October 27th, 2020|Data Compliance|

As the current work from home paradigm motivates organizations to move all or part of their infrastructure to the cloud, data compliance in the cloud becomes a critical concern. Is our data safe from unauthorized access and disclosure in the cloud? Are we in compliance with all the government and industry regulations? Answering these questions means looking at both cloud data center compliance. More importantly, the organizational processes and controls relating to data stored in the cloud must be examined. Data Center Compliance “Who can access our data in the cloud?” is a valid question. Organizations want to be sure

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Embrace Data Ethics as an Essential Part of Business Strategy

By |2020-10-06T05:07:27-04:00September 30th, 2020|Data Compliance, Information Governance and Management|

Not just a matter of regulatory compliance, highly regulated industries and others that are not must consider embracing data ethics as a component of their overall business strategy. The Data Ethics Problem According to Deloitte, 9.7 billion data records have been lost or stolen worldwide since 2013. And since it went into effect in 2018, consumers have filed more than 95,000 complaints relating to the EU’s GDPR statute. Despite advances, legislation is not keeping up with the ethical issues raised by the large volume and variety of data collected. Those issues are bound to impact data-heavy businesses where it hurts,

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Why Data Catalogs are Hot

By |2020-10-06T05:10:24-04:00September 17th, 2020|Data Compliance, Trending|

In today’s world of data, you often spend more time looking for data than analyzing it. That’s why enterprise-wide data catalogs that make data asset discovery straightforward now are a must. They broadly enable organizations to discover, register, enrich, understand, and utilize sprawling data sources. Data catalogs bring to light the undiscovered data within the organization, so that you spend more time analyzing and less time looking for data. Data catalogs enable users to: Discover data assets to unlock their potential Capture tribal knowledge to make data more understandable Bridge the gap between IT and the business Keep data where

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International and U.S. Data Protection Legislation Outlook

By |2024-02-23T08:32:37-05:00September 9th, 2020|Data Compliance, Information Governance and Management|

Setting the Stage In 2018, Europe’s General Data Protection Regulation (GDPR) set the precedent for data and privacy regulations across Europe and other geographies. Back home, the California Consumer Privacy Act (CCPA) took effect on January 1st, 2020. Other states and countries are sure to follow with similar data protection legislation. Significantly, the GDPR extended the EU’s jurisdiction beyond its borders. Thus, any business that sells to EU customers is subject to the GDPR, regardless of location. One of the broadest online privacy laws in the U.S., the CCPA regulates organizations nationwide that do business with California residents. In 2019,

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How to Solve COVID-19 Record Retention Issues

By |2020-10-06T05:45:20-04:00August 27th, 2020|Data Compliance, Information Governance and Management|

In a previous post, we heard from an IG expert about Leveraging Remote Talent to Optimize IG. Today, we share her views on dealing with COVID-19 record retention issues. Her direct experience in this area includes managing document control teams in healthcare research and laboratory companies. The Paper Records Problem Regulated industries like healthcare must follow strict rules on how long to keep records and what constitutes a true copy. The FDA publishes guidance on record retention in the healthcare industry. Despite modern digital options, many companies still choose to keep paper records. Most allow workers to scan them. But,

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How to do Quality Control and Compliance Recording in the Age of COVID-19, Zoom and Teams

By |2020-08-07T08:19:35-04:00July 15th, 2020|Data Compliance, Information Governance and Management, Trending|

We have all heard it. “This call may be monitored for quality assurance or compliance purposes.” Indeed, companies in various industries, including commodity brokerage, stocks, and investment management organizations, include compliance recording in their normal operations. They record calls and video conferences to minimize liability, ensure the quality of customer service, and improve workforce engagement. However, meeting governmental compliance and regulatory obligations remains the most compelling reason to record. Moving to the Cloud Call recording technology worked well when users connected through a PBX or isolated phone system and phone calls remained the norm. But the shift away from standard phone

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5 File Sharing Best Practices to Protect Business Data at Home

By |2020-06-11T13:45:38-04:00April 29th, 2020|Cyber-Security, Data Compliance|

After several weeks of lockdown with its necessary work-from-home (WFH) conditions, we’ve all adapted fairly well to the WFH basics. We can access our company network and apps, post to the blog and gratefully check the status of our paychecks. Perhaps now is the time to check and improve the security of our business data by implementing some file sharing best practices. 1. Establish a Security-first Mindset With COVID-19 WFH policies, end users regularly conduct business via home computer, laptop or mobile device. As a result, the network perimeter has largely disappeared. Thus, an organization’s WFH security posture would be

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