Data Governance and Compliance in the Era of Big Data
Keywords:
Data Governance, Big Data, Compliance, GDPRAbstract
Companies have several opportunities to apply comprehensive knowledge for operational improvements, strategic decisions, and creativity. Still, the vast amount and complexity of data provide significant challenges, particularly in terms of management, security, and conformity to ever stricter legal criteria. Ensuring its management becomes a top issue as data increases drastically in volume, diversity, and speed.
Effective governance guarantees that data is consistently secure, accurate, and accessible throughout its lifecycle. This requires the creation of frameworks that
prioritize accountability, transparency, and data governance, while concurrently addressing technical and organizational challenges, such as data silos, inconsistent data management policies, and restrictive control.
The document underscores the imperative for comprehensive policies regarding data compliance, considering complex regulatory frameworks and rising privacy concerns. It highlights the need for explicit data ownership, stringent security measures, and continuous monitoring of data usage. The book analyzes how cultivating a data governance culture can empower organizations to optimize the value of their data assets, enhance trust, and comply with regulations. In addition to technology solutions, it is crucial to establish comprehensive strategic frameworks for data governance that prioritize compliance, security, and ethical use to adeptly manage the intricacies of Big Data.
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