Let's talk about why you need I t. Governance.
So in this video, we're going to talk about why you need a nightie governance program, the benefits of such a program and the downside of not having it.
So we kind of discussed this earlier. But let's solidify why I T. Governance is useful
When you form a business, you've likely created business objectives and an overall business mission.
Let's pretend you're an e commerce company. One of your missions and business objectives would probably be to deliver your product to customers in a timely manner.
Now let's take a situation where you don't have. I t governance,
the systems and processes that air holding your data that is essential for your business, like billing information, your website etcetera.
If there aren't I t processes in place that are not meant not only to store the confidentiality of billing information,
but the availability and integrity of your website data, etcetera. An attack or accident could wipe your data or even worse, cause a data breach
it. Governance is not meant to constrict you, your data and your business.
Instead, it puts processes in place to ensure its effectiveness and efficiency in supporting your goals.
Does your website need to be available 24 7.
Then you should have or follow an I T governance framework that can support that mission
I take Governance also helps you to ensure you are compliant with laws and regulations that are commonplace in your industry.
If you are a health care company or take credit card information, you probably have to be compliant with HIPAA or P S I D. S s
I t governance can also help communicate i t value to stakeholders.
Oftentimes the security and sometimes I t department don't always bring in money for an organization.
That's especially true for the Security Department.
We're usually spending it.
This can cut funding for severely needed programs.
And if something goes wrong, probably the security an IT department may be the ones to blame.
So we need a way to communicate the effectiveness of the aforementioned departments.
I t governance can do that.
Remember how we mentioned that data governance falls under the umbrella of I T. Governance?
Well, big data is a huge part of data governance.
Big data is a huge business asset,
and it can be transformed to help you make pertinent business decisions,
it can give you a competitive advantage, depending on your ability to manipulate data. To gain insights.
Well, that data needs to be managed.
Data governance provides businesses a way in which to manage big data, delete duplicate data, cleanse data
and ultimately focus on information quality.
While this is usually a hard sell to upper management about why we need to spend time and Resource is implementing such a program,
try to frame the argument in terms of cost
risk assessments. Risk analysis and quantitative facts can help demonstrate i t governance value.
Additionally, demonstrate the ability of I t and data governance to save on costs.
Showing how data is an asset that could bring a competitive competitive advantage to a business can really lead the push forwards towards ensuring data safety.
One of the main focuses of I T governance is on information quality.
I t governance is focused on the I T assets surrounding your data, and ultimately, the main importance and function of it is to protect your data.
The quality of your information can be whether or not you obtain that competitive advantage
because of how you leveraged your data and information.
If you have duplicate data or data that has been accidentally deleted or corrupted, you can't use it to gain important business insights.
It can also help to protect your data and the quality of it.
Another goal of I T governance is to manage the information that is generated and stored by information systems.
One subset of that goal is toe lower risk surrounding that data.
That is especially true of confidential and sensitive data.
When you preserve your information quality and the security controls surrounding your information, your ultimately lowering your risk
risks can be corruption of data, deletion or unauthorized disclosures.
In the aforementioned cases, it can cause harm to you or your organization.
information quality can allow for security measures to be more easily implemented and preserve information that adds value to you and your business.
I t governance ads, Business value.
Although it's not bringing in money like maybe your sales unit, it's still adding business value. It's protecting your information and really it's protecting you
when you're required to be compliant with laws and regulations like HIPAA or PC. Idea says
breaches and information can cause severe penalties and even jail time
I t governance are the processes and protections that surround your confidential data and support your means of remaining compliant with laws.
Take a moment to think. What do you think your biggest benefit of implementing in 19 governance program would be for you?
I'd imagine for a lot of people, it would be compliance. But for some companies, it could be on the quality of information or getting business value from your I t. Resource is.
Let's do the flip side. Now let's imagine you have no I t. Governance program and you enter into a lawsuit from a former employee.
the former employees claiming that there are emails that implicate the company
if you have no viable I. T. Governance program that manages the I T. Resource is that house emails and stores information, and you have to sift through thousands or even millions of emails. Imagine how much time that would waste.
Also, imagine how you're probably going to miss things that support your case.
Do you see how potentially problematic that is?
e discovery is a procedure in which each party of a lawsuit will obtain evidence
this could be done through subpoenas.
This generally means that your company will have to give any relevant data to the other party involved in the case.
If you have corrupted, unusable or duplicate data, it will make your life so much harder and not to mention the cost in time. And resource is
if you don't have data
that is relevant to support your case because the data is corrupted, unusable and extraneous, it can cost you the case as well.
Legal hold notifications include a formal system where you have to put a a certain certain documents on illegal hold so you can't destroy them, and then they must be preserved.
They cannot be edited or altered or modified.
Sometimes you want to keep that discreet from other employees as well. And if you don't have a formal system for data, that's a problem.
Additionally, if you have duplicate data and you put a legal hold on that data but not the duplicate data, it could be potentially very, very problematic.
So in this video, we talked about why and I t governance program is useful
and the problems that can come from having no i t. Governance program