The New Impacts of Regulations and Perceptions on Effective Data Governance and Compliance

“The consumer and corporate market demand for data, combined with the increasingly complex regulatory compliance environment, continues to push organizations to be more responsive and responsible for the data that they collect, store, and share among customers and partners. In fact, companies are now firmly positioned as Data Custodians with strong consumer, shareholder, and government agency expectations on how data is handled for the benefits of companies and consumers,” begins CEO of Ascention, W. Daniel Cox, III.

Today, an organization’s success demands data governance practices that are adaptive to a business context and enable the realization of business opportunities. Such new approaches include innovation and exploration, robust risk and security management, advocacy and cultural transformation practices, and trust-based procedures that consider curation, lineage, and certification – such practices need to be applied consistently across a complex and varied application landscape. To solve this problem, Ascention is aiding organizations to achieve an effective Enterprise Data Asset Management strategy with a data governance model that is practical and pragmatic. “We look at the Data Management capability of each organization and how they can collect, maintain, share, and store that information within the regulatory compliance framework as a single data asset,” explains Cox. Ascention works with its clients to optimize the full potential of their data assets while aligning them with the ever-changing legislation and compliance requirements.