Why Your Focus Should Be On Data Governance

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Data Centerby Angela Guess

Margaret Harrist recently wrote for Forbes, “Your business is quickly becoming a big data business in one way or another. Yet many organizations have become far more focused on collecting and storing data than they have been at deciding who can access it, how they can use it, and under what circumstances. And even companies that don’t yet have the technology or business processes in place to analyze and use customer information are more likely to hold on to data that they might not have retained the past.”

Harris continues, “But have you considered whether you have the right to use personal information collected for one purpose in a new and different way? In Europe, for example, ‘personal information can only be processed if the subject has given permission, and not if it is used in a way that consumers could not have anticipated. It should also be accurate, up-to-date, and not kept for any longer than necessary,’ noted Mark Say in a recent Financial Times article. Meanwhile, President Barack Obama this week proposed a new digital ‘privacy bill of rights’.”

She adds, “So while millions of people willingly offer personal information to use free social platforms, enter online contests, get discounts, or gain access to information, companies that take in this information need to ensure they have data governance policies and data security technologies in place to address the ever-growing web of data regulations that governments around the world are implementing.”

Read more here.

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