The European Union’s General Data Protection Regulation (GDPR) proved to be transformative, as it impacts companies and organizations that work with individuals in the EU. With GDPR fines totaling as much as “€20 million, or 4% of the worldwide annual revenue of the prior financial year, whichever is higher,” companies took notice of this new…
Data architecture has been described as fostering the integration of business and IT or technical considerations. Due to the influence of the systems, processes and technology that a company uses, data architecture informs a variety of other business decisions. Your business’ data architecture plan cannot be stagnant; it must grow and change alongside your business.…
The General Data Protection Regulation (GDPR) is a game-changing policy that protects residents of the European Union (EU). Effective as of May 25, 2018, GDPR is significant on a global scale because it applies to any company that does business with an EU citizen and “controls” or “processes” personal data. What’s more, the possible penalties…
Data governance costs can account for a large segment of a company’s operational costs, particularly for businesses that deal heavily in data collection. But with today’s technological advances, there are a number of data governance strategies that can reduce costs dramatically. It can be easy to confuse the term data governance with data management. Data…
Many use the terms “data management” and “data governance” interchangeably, but the definition of these terms actually differ quite significantly — and that could be a problem if you’re seeking assistance with data solutions. So what’s the difference between data management vs data governance and how can you determine which solution is right for your…
A well-architected data governance plan will give your company a competitive edge. Through the process, you’ll establish an infrastructure and protocols that allow you to leverage data and derive insights with maximum efficiency. Though data governance is part of data management, it also extends beyond, encompassing a far wider breadth and addressing different goals. The…
The amount of data that is generated each year continues to increase exponentially. This can pose problems if the data is not managed effectively, but that’s where effective data management practices come into play. But what is data governance, exactly? At its core, data governance is concerned with the management of data, while simultaneously supporting…
Every business owner knows (and dreads) the time of the month when rent and utility bills are due. Unfortunately, neither your landlord nor the electric company cares whether your business is wildly successful or struggling in the red. Overhead costs are unavoidable and don’t directly contribute to the product you sell. However, these expenses are…
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As the owner of a small e-commerce shop, you’re always searching for the latest and greatest products. Recently, one product line was featured on a popular show and sales skyrocketed overnight. Your website is one of three that carries this product, so you’re inundated with new customers. But being new to this business, you’re unsure…
