[:en]data/ˈdeɪtə/ [noun]
- Facts and statistics collected together for reference or analysis;
- The quantities, characters, or symbols on which operations are performed by a computer, which may be stored and transmitted in the form of electrical signals and recorded on magnetic, optical, or mechanical recording media.
How important is your data? Is it important enough to have a data manager? What about a Chief Data Officer? Do you have a data governance policy? Do you outsource all or some of your data governance? Who supplies your data? Who migrates your data? Who inputs your data? Who checks your data? Who reads your data? Who uses your data?
Do you ask these questions often? If you don’t, somebody somewhere should be and also, more importantly, someone should know the answers. It should also be inherent in your training schedules now.
This year no one escaped the intrusion of the GDPR. I say intrusion, as there was a surge in emails that gave everyone an opportunity to cleanse their inboxes of the databases that you didn’t want to be on any more but couldn’t be bothered to unsubscribe from. It was literally an act of purification, or was it? Has it worked? The act was not intended to stop commerce, yet it may have had exactly that effect in the short term. Many shops and advertisers rely heavily on the through traffic or click bait. Medium term, as an unintended consequence the spam and junk emails returned to similar levels quickly proving that data is alive and well as a commodity.
No doubt Cyber Monday made sure we got the latest on-line bargains, but your inbox will bear the consequences unless you opted out of mailing lists – but was that at the forefront of your mind when looking at 50% off?
In financial services, however, there has been an unprecedented focus on the security and governance of data and not just personal data. Many companies are now planning or implementing governance structures which previously were the domain of investment, operations, compliance and finance departments. So, do you know the answer to the questions at the top of the article? Are you doing anything about it if you don’t? Will auditors focus on this in the next year, if they haven’t already? Given the levels of risk and fines, it seems likely and you need to know where your company stands in relation to the data regulations.
Projecting have expertise in data and we know the answers to the questions through our experience and track-record of delivery on regulatory projects.[:es]data/ˈdeɪtə/ [noun]
- Facts and statistics collected together for reference or analysis;
- The quantities, characters, or symbols on which operations are performed by a computer, which may be stored and transmitted in the form of electrical signals and recorded on magnetic, optical, or mechanical recording media.
How important is your data? Is it important enough to have a data manager? What about a Chief Data Officer? Do you have a data governance policy? Do you outsource all or some of your data governance? Who supplies your data? Who migrates your data? Who inputs your data? Who checks your data? Who reads your data? Who uses your data?
Do you ask these questions often? If you don’t, somebody somewhere should be and also, more importantly, someone should know the answers. It should also be inherent in your training schedules now.
This year no one escaped the intrusion of the GDPR. I say intrusion, as there was a surge in emails that gave everyone an opportunity to cleanse their inboxes of the databases that you didn’t want to be on any more but couldn’t be bothered to unsubscribe from. It was literally an act of purification, or was it? Has it worked? The act was not intended to stop commerce, yet it may have had exactly that effect in the short term. Many shops and advertisers rely heavily on the through traffic or click bait. Medium term, as an unintended consequence the spam and junk emails returned to similar levels quickly proving that data is alive and well as a commodity.
No doubt Cyber Monday made sure we got the latest on-line bargains, but your inbox will bear the consequences unless you opted out of mailing lists – but was that at the forefront of your mind when looking at 50% off?
In financial services, however, there has been an unprecedented focus on the security and governance of data and not just personal data. Many companies are now planning or implementing governance structures which previously were the domain of investment, operations, compliance and finance departments. So, do you know the answer to the questions at the top of the article? Are you doing anything about it if you don’t? Will auditors focus on this in the next year, if they haven’t already? Given the levels of risk and fines, it seems likely and you need to know where your company stands in relation to the data regulations.
Projecting have expertise in data and we know the answers to the questions through our experience and track-record of delivery on regulatory projects.[:]