Data governance, Information security strategy
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DATA GOVERNANCE
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Transcript of Data governance, Information security strategy
- 1. DATA GOVERNANCE
2. Definition
- Refers to the exercise of decision making and authority of data related matters.
- It is not a hardware/software/manpower solution.
- It mainly brings together cross functional teams to identify data issues that affect the company as a whole.
- Requires communication between business and IT.
3.
- In simple words, data is one of the most important intangible assets of an organisation.
- If lost, it becomes irreplaceable
- Information Week study found that the average companys data volumes nearly double every 12 to 18 months
- According to the latest statistics, data breaches in 2008 increased 47% from 2007.
4.
- Imagine a situation where you lose all your data due to a virus attack .
- Imagine the loss of reputation of your company due to data loss
- These potential disasters necessitate the inclusion of Data governance
5. Data Experts
- Data Owner
- Data Steward
- Data Architect
- Data Modeler
- Data Analyst
6. The Beginning
- Data gov. gained importance since Sept 9/11 attacks.
- The Enron fraud scandal of Nov 2001 along with Worldcom & other fraudulent accounting practices, led to a number of governmental regulations and requirements.
- These new rules mandated financial reporting of public companies and required auditing firms to be objective & independent of their clients.
7. Initial Struggles
- Data gov. has been around for quite some time, but without its present terms.
- Companies tried to align & formulate data policies around cross-functional databases in 1970s, but to no avail
- Premature abandonment of attempts at data gov., along with a disillusioned viewing of data governance only as data resulted in its failure.
8. Reasons for its Initial Failure
- Lack of data stewards result in their unlikeness to single handedly carry out a data governance effort.
- Data gov. councils simply fade away start with a bang & end with a whimper
- Executive involvement recedes soon.
- Enlisting people before proper definition of processes & outcomes of governance.
9. Organizational Challenges
- Vague authority and accountability
- Ineffective planning
- Poor expectations management
- Unclear or ineffective communications
- Absence of decision-making protocols
- Lack of perceived value
10. When does the need arise for DG?
- When the organisation gets too large
- When the organisation gets too complicated
- When the Data Architects and other related groups need a cross-functional program to support them
- When Regulation, contractual or compliance requirements call for formal Data gov.
11. Goals of a Data Gov Program
- Ensure transparency of process
- Protect needs of stakeholders
- Reduce Operational friction
- Reduce Costs & Increase Effectiveness
- Enable better decision making
- Train management & staff
- Build standard, repeatable processes
12. Principles
- Integrity
- Transparency
- Auditability
- Accountability
- Stewardship
- Checks & Balances
- Standardization
- Change Management
13. Focus Areas of Data Gov
- Data governance with a focus on:
- Policy, Standards & Strategy
- Data Quality
- Privacy, Compliance & Security
- Architecture Integration & Analysis
- Data Warehouse & BI
- Management Alignment
14. Data Governance Process 15. Benefits..
- Improved business-IT alignment
- Balanced decision-making and authority
- Consistent and open processes
- Value realization
16. New Best Practices In Data Gov.
- Begin with a Key initiative get buy in from executives for critical data governance support
- Make the (better-qualified) Data steward the Change agent
- Data governance & data Management are bi-directional
17. Contd.. 4. Change the influencers, not the leaders. Also, the chair is not the executive sponsor 5. Manage the Data Lifecycle & Maintian transparency 6. Engage the Right Vendors can help streamline data governance policies better. 18. Case Study 1 - World Health & Relief Organization
- Collects data from its own efforts and conditions from 98 countries
- WHRO realised structuring the data needed
- WHRO built a KM system based on MS Sharepoint
- System had strong ROI
19.
- Expected to generate tens of millions of dollars and man-hours
- Promise of actionable & shareable information on the health and economic conditions of the worlds poor
- Challenge was to make experts, field workers, stakeholders to agree to these standards.
- (according to the Data Governance Institute)
20. References
- http://www.datagovernance.com/
- http://www.datagovernancematters.com/
- http://datagovernanceblog.com/
- Data Governance Conference Europe, 2009
- Data Governance Annual Conference, 2009
21. Contd.
- Moseley, Marty Keys to Data Governance Success: Teamwork and an Iterative Approach, Information Systems Control Journal, 2008.
- Dyche, Jill A Data Governance Manifesto: Designing & Deploying Sustainable Data Governance, 2007.
22. Vasanthi Nagappan