| |July 20209organization and track its access throughout the organization. This way, it would provide a ho-listic view of the organization's data and how it needs to be managed.3. Identify Risks: Once the data is tracked, it is then important to classify the data, identify the risks associated with it, and take relevant steps, both from technology and process perspective, to pro-vide relevant controls to address these risks and minimize the exposure levels.4. Assign Ownership: There needs to be well-de-fined ownership of the data that exists within an organization. This could be individuals, groups or departments. Identifying these relevant own-ers, making them responsible for the data under their control and allowing them to control access to the data helps in executing the overall data governance strategy.5. Defining the Right Controls: By focusing fore-most on the security of data, organizations can minimize risk and maximize compliance at the same time. To meet the regulatory compliance of processing, storing and/or transmitting sen-sitive data, organizations are required to main-tain data policies that include measures for data protection and data privacy.6. Implement the Strategy: Once the data govern-ance program is outlined, the next step is to ex-ecute the plan to realign the organization based on the recommendations. Not all of this can hap-pen overnight--some initiatives will be easier to implement than others. By determining which aspects of the data governance program should be introduced in what order, we can maximize the effectiveness of its rollout, while minimizing the chances of its failures. What challenges do you think organiza-tions face concerning data privacy?Data privacy and data protection are a complex prob-lem. Initially, data (both sensitive and PII) need to be identified and classified according to the risk, and then needs to be ensured that it is protected with ap-propriate security technologies and strategies. To be able to measure the impact and criticality of global data privacy, we need to understand the challenges organizations face in data privacy and protection.There is no doubt that organizations today are generating more data than ever, yet weak security practices continue to put organizations at risk of a data breach. Organizations need to be on top of their game in protecting not only their customers' person-al information, but sensitive data as well. Currently, where every single device is generating and accessing data, it sometimes becomes overwhelming to handle millions and even billions of data records.Along with the increasing volume of data, there is a substantial rise in the potential of organizations to experience incidents in which their data is com-promised in some way. Most of the enterprises have trouble in fully understanding how and where data BY DETERMINING WHICH ASPECTS OF THE DATA GOVERNANCE PROGRAM SHOULD BE INTRODUCED IN WHAT ORDER, WE CAN MAXIMIZE THE EFFECTIVENESS OF ITS ROLLOUT, WHILE MINIMIZING THE CHANCES OF ITS FAILURESArgha Bose
< Page 8 | Page 10 >