News Roundup: On Data Privacy, Governance and Analysis
As companies collect, generate and store more data than ever before, they’re also struggling to meet stricter governance and compliance regulations. Organizations need to know the law, of course, but complying with it is no easy task when that requires them to have a firm grasp on all the data they own, what it’s for and how it’s being used. Several stories in the news recently touched on these issues, including:
ZDNet, “’Big data must operate within data protection law,’ says watchdog, ‘and here’s how’”
In a 50-page report recently released by the Information Commissioner’s Office, the U.K.’s data protection watchdog tried to instruct companies how to “stay on…the right side of the law and still innovate.” The report details the two-part data protection law, which asks companies to consider whether their data collection practices are lawful when it comes to personal information, and whether they remain so when they later change the way they use data after it is collected. Staying in compliance with the law necessitates that companies know what they’re collecting, where it’s stored, who is accessing it and for what.
SiliconANGLE, “The CDO owns governance, not data”
In a recap of one conversation at the MIT Chief Data Officer Quality Symposium, Writer Alina Popescu notes the idea that the CIO role is morphing into one that is more infrastructure focused, as CDOs take on more information-focused tasks, including those focused on data governance and analyzing data in context. Popescu quotes author and social media strategist Paul Gillin saying, “we tend to think of data as structured,” but that the big governance challenges are coming from the 80 to 90 percent of company data that is unstructured. According to Gillin, the big governance challenge will be to find a way to make sense of that unstructured information.
CIO Insight, “Doing Big Data Analytics Right”
In this overview of Accenture’s recent big data survey, CIO Insight Writer Samuel Greengard notes that there has been a disconnect between “conceptual promise and real-world implementation” when it comes to extracting value from data. The June 2014 survey asked 1,000 respondents in 19 countries about their big data plans and realities. While 89 percent see big data as very important, a staggering 62 percent said “they had no idea how difficult it would be to implement it.”
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