As we learned in the interview “The Risk of Virtual Workforces for Data Governance”, establishing rules and regulations for your data is critical especially when employees are offsite. One of the top concerns from data owners is accessibility and confidence of their data.
Forrester reports that nearly one-third of analysts spend more than 40 percent of their time vetting and validating their analytics data before it can be used for decision making. That can relate to hours or even days that could have been used towards revenue-generating activities.
New to the data governance ecosystem is Microsoft’s Azure Purview. The tool supports data governance program initiatives through the discovery, cataloging, tracking and management of data. According to Rohan Kumar, Microsoft’s corporate VP for Azure Data, “[Purview] is a unified data governance platform which automates the discovery of data, cataloging of data, mapping of data, lineage tracking — with the intention of giving our customers a very good understanding of the breadth of the data estate that exists to begin with, and also to ensure that all these regulations that are there for compliance, like GDPR, CCPA, etc., are managed across an entire data estate in ways which enable you to make sure that they don’t violate any regulation”.
GDPR and CCPA are some of the top concerns for US and International businesses alike. IBM Security states that the global average cost of a data breach is $3.86 – a cost that can be detrimental and avoidable to businesses.
Information architecture is one of the key components of an effective data governance initiative. At CCG, we have a tried-and-true framework which covers data quality, metadata management, privacy, information architecture and program management. Whether you are looking at a tool or establishing safeguards for data privacy, let CCG help you get you started.
Learn more about CCG’s RapidDG solution and get started on the path to effective data governance in as little as 6-weeks. It is as easy as sending a chat on the bottom right-hand corner of your screen, or by emailing us at info@ccganalytics.com.
Written by CCG, an organization in Tampa, Florida, that helps companies become more insights-driven, solve complex challenges and accelerate growth through industry-specific data and analytics solutions.