Data Governance: A critical Aspect for Every Organisation
Data Governance: A critical Aspect for Every Organisation

An organisation’s data is a crucial asset. Hence, data security and data governance have been a huge concern in the day-to-day functioning of all organisations consistently. A strong data management and security system ensures improved operational efficiency, data quality, and ease in the overall functioning of an organisation. This article aims to cover important concerns surrounding data governance for enterprises and businesses.

Challenges Faced by Organisations in Data Governance

Data security is one of the most common problems faced in the process of data governance. As digital transformation takes place rapidly, data breach problems are accumulating every day. Here are some of the challenges faced during data governance for enterprises.

Insufficient resource:

Smooth handling of data governance and management of risks requires sufficient resources. However, allocating a budget for these resources in your organisation is not easy. Because of the non-availability of required resources, many organisations are unable to cope with data management.

Growing data breaches:

As the digital world is evolving, the number of data breaches has also increased in all sectors. Hence, due to the increasing data breaches and lack of data security, enterprises are failing in the process of data governance.

Lack of data leadership:

The lack of strong data leaders is one of the reasons why many organisations fail in managing the data securely. The data leaders need to ensure that the right people in the enterprises are using the right data.

Lack of control:

Control or lack of control over the organisation’s data has now become one of the most common data governance challenges. Lack of proper control can lead to noncompliance and unlawful activities in the organisation.

Need for a Data Governance Strategy

An effective data governance strategy improves business outcomes and overall business growth. Data governance is important for managing risks, reducing costs, and increasing efficiency. A successful

data governance strategy ensures that the organisation’s data is protected as well as usable at the same time. Not only that, it also avoids data inefficiencies or errors. Hence, the organisation does not need to deal with problems such as poor decision-making, organisational disruptions, integrity issues, etc.

It also plays an important role in regulatory compliance, which in turn minimises the risks and operational costs. In short, data governance improves data quality, decreases data management costs, increases data access, and leads to better decision-making and business outcomes.

Changing Business Landscape and Application of Data Security

As businesses hop on board the digital transformation bandwagon, strengthening data security defences is one of their top priorities. Ever since the Covid-19 pandemic, the trend of work-from-home or remote work has created a huge shift in cyber security.

This has given rise to the increasing use of cloud technology for data security. However, not all cloud solutions come with built-in security features. Hence, data security and governance seem challenging. As a result, the need for data security in cloud computing has increased tremendously.

Role of Cloud computing

With each passing day, businesses are realising the importance of protecting and securing their data. Cloud technology is widely used in storing databases. With cloud data protection, the companies are enabled to:

  • Secure data and applications across multiple sources.
  • Identify and mitigate threats and risks.
  • Define data governance policies.
  • Improve data governance process.
  • Prevent and detect data disruptions.

Common Threats in Cloud Computing

When it comes to data, cloud technology is associated with a lot of risks and threats that need to be addressed by all organisations early on. The biggest reason most organisations rely on cloud technology is to collect, store, and process the data to reduce the risk of cyberattacks and data breaches.

Some of the most common threats associated with the cloud technology are given below:

  • Regulatory noncompliance
  • Loss of data
  • Define data governance policies.
  • Lack of customer trust and loyalty
  • Lack of brand reputation
  • Business interruption
  • Organisational problems
  • Financial losses and additional costs
  • Insecure Application Programming Interfaces
  • Data breaches or hacking (also includes account hijacking)

Hence, every organisation needs to apply safeguards and strong security systems for its cloud technology

Best Practices for Data Security on the Cloud

Deploy encryption

The organisations need to ensure that the sensitive data of the organisation is encrypted even during transit. If your cloud technology doesn’t offer encryption, make sure to implement third-party encryption.

Back up the data

Organisations need to make sure their data is backed up regularly. Always ensure to keep extra copies of your organisation’s data.

Implement identity and access management

Using this technology, the organisations can ensure that the right people have access to the right data.

Manage your password policies

Using poor passwords is one of the most common causes of data breaches. Hence, organisations need to use password management solutions and policies to make it simple and sustainable for their employees.

Adopt multi-factor authentication

Using multi-factor authentication is one of the most effective ways to mitigate the risk to an organisation’s credentials.

Final thoughts

Considering that data is one of the most valuable assets for an organisation, they need to adopt effective ways for successful data governance and strong data security. As organisations continue the journey of adopting cloud technology for the purpose of storing, securing, and processing their data, it is important to minimise risks and protect data securely. To stay on the safer side, organisations need to start using the latest solutions, such as implementing identity and access management.

At Agilisium, we help you adopt cloud technology with all the data security features at highly competitive prices. Our team comprises experts in cloud services, especially AWS (Amazon Web Services). Agilisium is one of the fastest-growing IT companies and has a widespread global presence.

“Agilisium architected, designed and delivered an elastically scalable Cloud-based Analytics-ready Big Data solution with AWS S3 Data Lake as the single source of truth”
The client is one of the world’s leading biotechnology company, with presence in 100+ markets globally, was looking for ways to maximize impact of their sales & marketing efforts.

The lack of a single source of truth, quality data and ad hoc manual reporting processes undermined top management’s visibility of integrated insights on sales, sales rep interactions, marketing reach, brand performance, market share, and territory management. Understandably, the client wanted to align information that has hitherto been in silos, to gain a 360-degree product movement view, to optimize sales planning and gain competitive edge.