Handling sensitive data, highly regulated industry, and lots of local and international laws to adhere to makes data governance in financial industry a complex one. In this blog, we put our heads together to determine the hygiene factors in setting up a data governance policy for organizations in financial sector.
Everything is turning digital in healthcare – medical histories, telemetry, remote diagnostics etc. No part in the healthcare ecosystem remains untouched by digital. This in turn is leading to an explosion of data. But to make sense of the data, it should be available in the right format, at the right time and to the right people. And this is why a strong data governance policy is an absolute must in the healthcare industry. Here are some points you should keep in mind while setting up a data governance policy in healthcare.
In the modern organization, data governance is not just a function left to technology infrastructure teams. Many questions crop up when DG programs are introduced or fine-tuned. These questions stem from a mix of fear, insecurity and, in most cases, just sheer uncertainty. A clear communication plan is a must to ensure that the Data Governance program goes the distance. Read this blog to know the 8 commandments of data governance communication.
We’re hearing about data breaches at a much higher frequency than we would like to. And despite well-publicised root cause analyses, organisations fail to put measures in place and perceive data governance as an optional responsibility. Organisations that have cracked their approach to data governance, understand that their data governance (DG) policies are their aces in the game. This blog reveals why organisations should place a premium on data governance and secure the data stables.
What does it take to bridge the knowledge gap between the digital transformation pioneers and organisations struggling to find their footing? In this data era, the answer is quite simple – data culture. But what does it take to build one?
A data culture is one that brings together the talent and the tools necessary to empower business decision making. It cannot be imposed or imported. It must be introduced and encouraged until it is imbibed. This blog takes you through the steps you can take to build a data culture.
Privacy laws are increasingly getting comprehensive about data protection and the awareness about data privacy among the consumers is on the rise. This means companies must go the extra mile in protecting the privacy of their customers. This blog explores few trends in data privacy for this year.
More and more organizations are realizing the importance of data and the types of data that can be tapped to provide the best customer experience and improve products and services. This has led a few data-first companies to formulate their own set of data practices. And these smart data practices are changing the way these businesses operate and are setting precedence for times to come. Read this blog to know about the smart data practices that you can adopt in your business.
Imagine driving down an expressway as fast as you are legally allowed to. At some point of time, your windshield fogs up to the extent that you can barely make out the taillights of the vehicles in front. Can you drive at the same pace you were? Are you just as safe as before?
That’s what bad data does to an organization. Read on to know the possible consequences of bad data and how to avoid them.
For any organization viewing data governance seriously, a Data Steward is a crucial role and the appointment of the right person for the role is important. Read this blog to know when to hire a data steward, how to hire them and what you should look for in a data steward. This post also explores the challenges after hiring a data steward.