As organizations are loaded with unlimited informative data, the challenges of regulatory changes like the General Data Protection Regulation (GDPR) remains. It has imposed significant alterations over the data storage and management.
In this article at InfoSecurity, Matt Middleton-Leal explains that the growing need for CIOs to establish an information governance program may empower their organizations to maintain IT security and ensure compliance.
Value-Driven Data Governance
As per a recent report by ‘The Compliance, Governance and Oversight Counsel’, about 60 percent of corporate data has no legal, business, or regulatory value. This means, the organizations flooded with information are complicating the security of confidential data. Moreover, they are boosting storage costs while hindering an employee’s ability to locate necessary information among thousands of files.
To resolve such hassles, a holistic information governance program may work wonders by providing businesses with analytical insights and value. Here are a few practical ways to implement effective information governance:
- Establish Metrics: To set timely goals, calculate costs and evaluate storage, terabytes used, and labor needed to manage systems along with the costs of space to store them. With this information, organizations can calculate the overall savings from the information governance program before and after implementation.
- Deploy the Right Technologies: It is crucial to deploy the right combination of technologies to understand diverse data types to maintain security controls and accurately identify sensitive as well as complex data. Right technology may also ensure the integration of security solutions like data loss prevention or auditing tools with the desired data sources.
- Defensible Deletion Program: It reduces risk by eliminating information in-line with an organization’s legal obligations and company guidelines. It also ensures deleting unnecessary information.
The author believes that information governance is a vital step to increase an organization’s overall data maturity. An effective strategy for data governance may help the IT security teams to articulate the value derived from enterprise data without compromising on compliance. Click on the following link to read the original article: https://www.infosecurity-magazine.com/opinions/data-governance-processes/