Data Governance and Compliance

Data Governance and Compliance

An entity’s data is one of its most critical assets. From intellectual property powering innovative products and services, to proprietary sales and performance information driving strategic directions, to data enabling customer-centric experiences, all businesses, organizations, and governments use various forms of data in the course of their daily operations. In fact, in today’s technology-driven economy, most entities are seeking to leverage their unique data to generate opportunities and accomplish their respective missions.

Data also can be an organization’s Achilles’ heel if it is mismanaged, outdated, lost, or stolen. Unfortunately, these outcomes are not the exception, and they can have devastating strategic, operational, financial, and even legal consequences. With the constant advance of technology, the staggering growth of data and its seemingly limitless forms and locations have sometimes made managing and protecting data a daunting task.

Complicating the situation is the bewildering – and growing – number of US and international laws, regulations, and standards regulating the handling and protection of data.  For any entity trying to determine how to prioritize and spend its scarce resources, knowing where to begin is half the battle.

To help our clients tackle this critical challenge and opportunity, Ankura has developed a unique, simplified, and consolidated approach that empowers entities of all shapes and sizes to maintain a healthy data ecosystem and enables better data oversight, compliance, utilization, and protection simultaneously. By taking a data-centric approach, Ankura can help unlock the potential of data while at the same time mitigating risks.

Our team offers a range of solutions, including:

  • Industry-focused advice and guidance on priorities and objectives for data management and security
  • Development and implementation of organizational reporting structures and processes for data management and security
  • Data classifications and inventories
  • Data access policies and inventories
  • Technology selection and technology business integration assistance
  • Assessment and evaluations of compliance with industry-specific standards applicable to data management and security (i.e., medical records [HIPAA], credit card [PCI], banking/finance, export controls, government contractor cybersecurity, NIST, ISO)
  • General Data Protection Regulation (GDPR) and privacy compliance
  • Privacy program design and management
  • Data discovery
  • Records retention schedules and policies
  • Intellectual property management
  • Employee training and education
  • Insider threat program assessment and development