The data governance gap
Ignorance and a lack of preparation are not considered excuses when it comes to regulatory compliance. The CIO must play a key role in ensuring the organisation's readiness. That means incorporating compliance planning and solutions as digital transformation strategies and tactics are developed and implemented, however boring or easy to procrastinate the idea of "compliance" may be.
If this isn't already happening, it is time to add a focus on compliance to your to-do list.
And yet there is a data governance gap in most organisations, where regulatory experts within the corporation have little operational understanding and the CIO /IT team must leverage technology to meet regulatory requirements yet have little in the way of regulatory skillsets themselves.
The IT organisation faces a wall of perplexing and evolving standards and, to prevent the data deluge from becoming a toxic situation, needs straightforward solutions which support compliance.
Businesses in New Zealand face a significant challenge with the EU's General Data Protection Regulation coming into effect next year, and the evolving IPPs (Information Privacy Principles).
Now is the time to determine the roles and responsibilities regarding the creation and management of data within the organisation and factor these requirements into an effective data strategy, to turn the compliance conundrum into an opportunity for digital transformation and innovation.
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