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3 Critical Data Governance Benefits for SMB Retailers

By |2021-01-13T14:24:39+00:00January 13th, 2021|Information Governance and Management|

In today’s marketplace, small retail businesses depend on data to drive business processes and stay competitive. But that data must remain secure, relevant and accessible if it is to deliver value. Reduced risk, increased trust and improved sales rank high among the data governance benefits for SMB retailers. Data governance includes interconnected policies, beginning with identifying and categorizing data and determining rules for data retention and archiving. Additionally, a comprehensive data governance policy must ensure cyber security and regulatory compliance. Implementing solid data governance takes careful planning, but it delivers key advantages. 1. Reduce Risk Because effective business strategy requires

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Automating Data Governance to Stay Ahead of Exploding Data Volume

By |2020-12-30T18:17:53+00:00December 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 |2020-12-23T08:05:43+00:00December 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 |2020-12-16T08:03:08+00:00December 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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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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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 |2020-12-22T04:49:25+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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5 File Sharing Best Practices to Protect Business Data at Home

By |2020-06-11T13:45:38+00:00April 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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4 Data Governance Tools that Protect and Power Vital Information Assets

By |2020-06-12T10:30:08+00:00April 1st, 2020|Cyber-Security, Data Compliance, Information Governance and Management|

Along with daffodils and Mardi Gras, spring 2020 brought a pandemic that has rocked the global economy and changed daily life. As organizations navigate the crisis, they depend on accurate, accessible and usable data to forecast the future and inform decisions. Data governance tools play an essential role in ensuring that businesses realize the full potential of data. For example, retail businesses need to respond in an agile way to changes in consumer buying habits. With up-to-date data, they can quickly analyze, and even anticipate, those changes. And with more employees working remotely, data governance tools help ensure that the

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