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Blog > April 2018 > Bridging Data Siloes to Achieve Compliance

Bridging Data Siloes to Achieve Compliance

It may be tempting — the idea of letting each department, business unit or application team within your organization manage its "own" data. This practice would certainly help avoid the power struggles over who owns what or gets the final say on items such as business term definitions and governance policies. But despite what seem to be up-front benefits, managing data in siloes has always been a bad idea and will only get worse as the regulatory environment becomes more complex. Compliance challenges like those posed by the GDPR or Know Your Customer (KYC) regulations increasingly point organizations to adopting an enterprise-wide approach — and the opportunities for new business that can arise from data integration only make the unification proposition more desirable.

As more enterprises transition to digital business, a unified approach to data becomes essential to success. It also requires that organizations first build the necessary foundation for data discovery, which is made possible by taking three steps.

europe-3256079-1920.jpgFirst, create the data inventory. You can’t govern data that you don’t know you have! This process involves scanning the entire data estate to lay the groundwork for what comes next.

Second, relate business processes and organizations to data. This is the key to understanding governance priorities. Better understanding of which business processes generate most value and which give rise to most risk provides an excellent framework for your governance projects.

Finally, leverage data lineage analysis to understand the local and cross-silo connections that exist between the data. By linking business information to data, enterprises can reveal unexpected connections between business processes — empowering them to suggest new opportunities or point to unforeseen risks.

The data discovery process is not always easy, but it’s an important and valuable step. An organization is rarely aware of all its applications, repositories, databases and connections before it starts this process, and its initial scans usually turn up more data than anticipated — heightening the attention required to achieve compliance.
ASG’s Data Intelligence solution breaks down the data siloes that can make compliance a challenge by delivering all the foundational capabilities to build and maintain your data inventory across traditional data sources and the data lake. It supports the connection of business and technical data, provides understanding around the links between them and includes cross-function and cross-application discovery to automatically break down compliance siloes. On top of that foundation, the solution provides the data governance capabilities that are required to ensure compliance — change identification, issue management, workflow and reporting — so that potential threats can be discovered, traced back to their source and tracked to resolution.

analytics-3088958-1920.jpgAs well as the need to address business issues, unified compliance is driven by an organization issue: the democratization of data. This up-and-coming concept doesn’t translate to making data and analytics available to everyone; there’s an implied need to turn every citizen data scientist into citizen data governors. As they access and analyze data, and put it to use, every member of an organization must be aware of compliance issues — meaning it can no longer be brushed off as “someone else’s job.” Information literacy and the support of data intelligence capabilities become key components of silo avoidance, compliance and business success.

To learn how bridging siloes to support compliance can revolutionize your organization’s data management and business initiatives, download this whitepaper. For more information on how our Data Intelligence solution provides key capabilities like the data lineage and visibility you need, visit our solutions page.
 
Posted: 4/5/2018 8:30:34 AM by Ian Rowlands | with 0 comments
Filed under :compliance, data, GDPR, intelligence, silo, siloes


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