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What is Information Governance Why Do You need Information Governance Consulting

Compliance with regulations might not be the main purpose of information governance consulting but has become very important since the rolling out of European Unionu2019s General Data Protection Regulation (GDPR) in 2018.

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What is Information Governance Why Do You need Information Governance Consulting

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  1. What is Information Governance? Why Do You need Information Governance Consulting? ContouralInc

  2. Modern businesses thrive on information. With enormous amount of data coming in everyday, it is a very challenging task to maintain data for easy access and security. Therefore, information governance has become important more than ever. This article discusses what information governance is and why information governance consulting is required.

  3. What is Information Governance? • Information governance is a strategic and continuous process of maintaining data, understanding and analyzing data in a business context, and utilizing it to add more value to a business. It is managing information at an organizational level, incorporating digital as well as physical assets, such as devices and printed documents. It provides the basis for regulatory compliance. However, organizations face challenges in realizing the worth of specific data. This means that sensitive data could be compromised, and potentially useful data remains underutilized. With the help of information governance consulting, which combines IT-driven data management with business-oriented information governance, an organization can make better decisions because of having access to reliable information.

  4. Why Information Governance Consulting is Required? • Information governance helps organizations make better decisions by providing reliable analytics and ensuring compliance with regulations. Digital agenda or digital transformation agenda are based on data. Without information governance and consulting full digital transformation is not possible.

  5. Data Privacy Regulations • Data is considered as a valuable asset for any business. However, due to privacy and safety, data protection has to be ensured lest it is used for malicious agenda. Data privacy regulations present workable solution to protect data. Compliance with regulations might not be the main purpose of information governance consulting, but has become very important since the rolling out of European Union’s General Data Protection Regulation (GDPR) in 2018. • In America, GDPR is becoming the de facto model for data privacy. Many privacy acts implemented in USA fulfill the same requirements as drawn by GDPR. Consumers in the USA have the right to access their data, correct inaccuracies, and request the deletion of information. Moreover, those

  6. Increase Efficiency and Decrease Data Fetch Time • Poor data management affects the performance and productivity of an enterprise by consuming an average of around 30 percent of its time because of non-value-added tasks, performed due to bad data quality and availability. • Manual maintenance of data, done by data stewards’ wastes majority of their productive time in non-productive activities. The locating, cleaning, fetching and reorganizing huge amounts of data, eats up around 80% of their time on unproductive activities, and only 20 percent of their time on actual data analysis. Majority human resource in a business organization spend an average of 10 or more hours per week on data-related activities, which make it all the more important to hire information governance consultants.

  7. Contoural Information Governance Consulting • By supporting enterprise information governance, digital transformation and other data related activities, Contoural enables an organization to utilize resources’ time on more valuable activities, rather than engaging in maintaining data and performing data related activities. • Contouralinformation governance consulting uses a variety to sophisticated tools and apps to combine data catalog with data literacy capabilities, to raise awareness of data usage, and to have access to available data assets efficiently. Our information governance consulting also includes providing guidance on data use, and guardrails to ensure data policies and best practices are followed. To know more about information governance, get connected with us today.

  8. THANK YOU

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