Information Governance and Management

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Be Thankful that Business Data Improves Results

By |2020-11-25T14:15:04+00:00November 25th, 2020|Information Governance and Management|

Data informs nearly every modern business decision. Marketing departments focus on market data to find ready customers. HR directors gather data online to determine the best job candidates. And, knowing that business data improves results, executives examine market trends affecting supply chains, pricing, manufacturing, or distribution. Using data in various ways, modern companies streamline the process of manufacturing and getting a product to market. The savings that come from avoiding random acts of marketing or paying too much for resources significantly affect a company's bottom line. Everyone who runs a business can be grateful for that. Data Improves Productivity Through

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Balancing the Potential and Challenges of the Chief Data Officer

By |2020-11-19T03:58:18+00:00November 11th, 2020|Information Governance and Management|

In 2002, Capital One appointed Cathryne Clay Doss to the role of Chief Data Officer (CDO). The first to hold that title, Doss covered a wide range of duties relating to the strategic oversight of data. Nearly two decades later, the role of CDO continues to evolve. The corporate world took some time to catch the CDO vision. But the explosion of data in recent years has highlighted the critical need for data leadership at executive levels. At the same time, business leaders struggle to agree on what the CDO role entails, what skills it requires and how the reporting

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Data Valuation: The Key to Unlock Hidden Assets

By |2020-11-19T03:54:02+00:00November 4th, 2020|Information Governance and Management|

Consider the power of information. Big data drives investment decisions and informs innovation. On the other hand, sensitive data in the wrong hands can destroy a business practically overnight. Through data valuation, businesses quantify the value of their information—assets they can then use to generate more revenue for the company. For example, in healthcare, effectively managed data about treatment protocols and their outcomes leads to better patient results. In retail, information about customer buying habits drives future marketing campaigns and generates higher sales. And proprietary information delivers a competitive edge to technology and manufacturing companies. However, for all the value

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Managing Data at the Edge

By |2020-11-19T03:51:10+00:00October 28th, 2020|Information Governance and Management, Technology|

Smart technology powers our lives, from wearable tech to traffic control and smart factories. Data analytics promise safer travel, more efficient energy consumption and increased productivity. At the same time, the explosion of data has created new challenges. Increasingly, experts look to the benefits of managing data at the edge to address those challenges. Simply put, edge computing refers to processing data closer to where the data is created or consumed. For example, sensitive factory machinery generates vast amounts of data. Processing that data at the source saves bandwidth. Additionally, access to real-time analysis means that the machinery can adjust

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How Data Modeling Supports Effective Data Governance

By |2020-11-17T05:48:33+00:00October 14th, 2020|Information Governance and Management|

Today’s data modeling has entered a new era. Historically the best way to understand complex data sources, the scope of the discipline continues to expand. Its importance as the focal point of collaboration between data producers, curators and users also grows. A key factor in this transformation is that metadata is now the heart of enterprise data management, intelligence, and governance. Data modeling’s power to visualize metadata makes it essential. Visually Empowers Data modeling excels as the preferred way to design and deploy new complex data sources. The power of a data model to communicate visually empowers those who manage

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Municipal Data Governance Leads to a Brighter Future

By |2020-11-17T05:49:29+00:00October 7th, 2020|Information Governance and Management, Technology|

When it comes to innovation, government usually lags the private sector. So, when looking at data governance trends, I was surprised to find one expert who predicted that municipal data governance will show the rest of us how to improve service delivery. Indeed, the adoption of modern data governance by municipalities paves the way for a host of data-driven technologies and services. Executed properly, they have the potential to reduce risks, lower costs and improve the quality of life in U.S. cities. And with the proper motivation, it’s fair to say that local government agencies have an opportunity to lead

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Embrace Data Ethics as an Essential Part of Business Strategy

By |2020-10-06T05:07:27+00:00September 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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International and U.S. Data Protection Legislation Outlook

By |2020-10-06T05:26:38+00:00September 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+00:00August 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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Leveraging Remote Talent to Optimize IG

By |2020-10-06T05:46:30+00:00August 12th, 2020|Information Governance and Management|

For today’s post, we spoke with a Senior Business Analyst in a large bio-pharma company about leveraging remote talent to optimize IG (information governance). She functions remotely in the role of Tech Systems Owner for Quality Systems with shared IG responsibility. Prepare, Prepare, Prepare for Remote Meetings Unfortunately, remote IG team leaders, including some high-level directors often run ineffective meetings. Frequently, they show up unprepared, assuming everyone is on the same page when many participants don’t have a clue. Siloed meetings also waste hundreds of hours in duplicated effort. Preparation is the key to running effective remote meetings. Therefore, before

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