Visible Systems Blog

Data Governance: Just how difficult can this be - aren't we all data stewards?

Posted by Saahil Karnani on Mar 28, 2019 7:13:22 PM

Updated on 4/20/2021

Businesses are focusing their efforts on becoming more data driven. Research done by the McKinsey Global Institute indicate that data driven organizations are 23 times more likely to acquire customers, six times as likely to retain those customers, and 19 times as likely to be profitable as a result. Adi Gaskell, Forbes

In the past few years, the data steward position has become a necessity for businesses. With the growing increase of technology, it is crucial for businesses to have the right infrastructure to manage, protect, and store vast amounts of data.

One critical success factor is to think about data in terms of its life cycle. What life cycle? Well, let's think about a data life cycle as having the following:

  1. Collection
  2. Storage
  3. Analysis
  4. Transfer
  5. Retention

We'd be interested in hearing from you about what your data life cycle looks like and how it compares. Additionally, if you are interested in learning more about the data life cycle and how to manage sensitive data throughout its life cycle then please provide us with the information below. We will send you our E-Book on "Personal and Sensitive Data Governance and Security".


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