Data Governance and Compliance in the Age of Big Data
Keywords:
Data Governance, Big DataAbstract
Organizations are presented with a wealth of opportunities to leverage vast amounts of information for innovation, strategic decisions, and operational improvements. However, this vast scale and complexity of data come with significant challenges, particularly around managing, securing, and ensuring compliance with increasingly stringent regulatory frameworks. As data grows exponentially in volume, variety, & velocity, maintaining control over it becomes a critical priority. This article explores the growing importance of data governance in this new era, emphasizing its vital role in protecting sensitive information, ensuring data quality, and meeting regulatory requirements such as the General Data Protection Regulation (GDPR) & the Health Insurance Portability and Accountability Act (HIPAA). Effective governance ensures data remains accessible, accurate, and secure throughout its lifecycle. It involves creating frameworks that emphasize accountability, transparency, and data stewardship while also addressing organizational and technical hurdles like data silos, inconsistent data management practices, and the need for robust access controls. As companies face evolving privacy concerns and complex regulatory environments, the article highlights best practices for achieving data compliance, such as defining clear data ownership, enforcing strict security measures, & ensuring continuous data usage monitoring. It also discusses how adopting a culture of data governance can foster trust and help organizations comply with laws and maximize the value of their data assets. In summary, navigating the complexities of Big Data requires more than just technology—it demands comprehensive, strategic approaches to data governance that prioritize compliance, security, and ethical use.
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