Data governance involves managing See more +
Data governance involves managing and organizing data for accuracy, accessibility, and compliance. With the increasing amount of data being generated for compliance and other corporate functions, it has become crucial for organizations to have effective data governance and legal technology services in place to ensure compliance with regulatory obligations. It plays a significant role in both the business and legal aspects of an organization. CCOs and compliance professionals rely on data to make informed decisions, analyze trends, and measure key performance indicators. From a legal perspective, data governance is essential for providing legal advice and meeting regulatory obligations.
Three key takeaways:
1. Data preservation and credibility are crucial for effective compliance representation if a regulator comes knocking.
2. Compliance, data governance, and cybersecurity are intertwined in today’s business landscape.
3. As the digital landscape continues to evolve, organizations must prioritize data governance and stay compliant and competitive in the business world.
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