Senior leadership is overlooking data governance risks. How can you ensure they understand the consequences?
Convincing top management to take data governance seriously requires clear, strategic communication. To navigate this challenge:
How do you approach leadership to discuss overlooked aspects of business like data governance?
Senior leadership is overlooking data governance risks. How can you ensure they understand the consequences?
Convincing top management to take data governance seriously requires clear, strategic communication. To navigate this challenge:
How do you approach leadership to discuss overlooked aspects of business like data governance?
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If management is overlooking the risks of data management, it is very important to raise awareness of the potential consequences... Highlight the business impact: outline risks in terms of business loss - whether financial, reputational or operational. Management responds to how governance failures can affect revenue, compliance or trust. Use concrete examples: Present real cases where poor data governance has led to serious setbacks and help leadership recognize the tangible impact of inaction. Simplify complexity: Break down technical risks into simple terms and avoid jargon to make the problem accessible to non-technical decision makers. Focus on the critical decisions they need to make.
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It is crucial to effectively communicate the consequences in a way that resonates with priorities. This can be done through: 1. Align risks with business objectives and quantify the risks. Show how poor data governance directly affects key business goals such as growth, customer trust and competitive advantage. 2. Highlight regulatory and legal risks Outline specific regulations eg. GDPR, Data Protection laws and provide a breakdown of potential penalties for non compliance such as fines or legal action. 3. Illustrate the opportunity cost. Demonstrate how well managed data could drive insights that lead to better customer personalization or faster entry/expansion into the market, etc. 4. Focus on long-term sustainability.
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It's essential to present both the technical and business implications. Highlight the risks of data breaches, including unauthorized access due to weak role-based access controls (RBAC), inadequate encryption, or poor identity and access management (IAM). Discuss potential vulnerabilities from outdated systems lacking regular patches or monitoring. Emphasize how non-compliance with GDPR, CCPA, or other regulations can lead to severe fines and operational disruptions. Illustrate the long-term cost of data silos, poor metadata management, and lack of data quality controls, which can impede analytics and decision-making. Linking these technical risks to financial loss and operational inefficiencies will drive home the message.
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Shobhit Kumar(edited)
To ensure senior leadership recognizes the consequences of neglecting data governance risks:- -Conduct detailed risk assessment highlighting exposure to regulatory non-compliance (e.g. GDPR, CCPA) and data breaches. -Quantify financial impact, including potential fines, breach remediation costs, and operational downtime. -Use case studies to show how poor data governance compromises data integrity, leading to flawed decision-making and analytics. -Emphasize risks like unauthorized access, data loss, and audit failures due to weak governance. -Propose technical solutions: data classification, role-based access controls, encryption, and audit logging. -Highlight ROI through reduced risks, improved data reliability, and operational efficiency.
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Todd Barber, CDMP
Executive IT Leader spearheading the Data Management initiative for the enterprise
Tying the benefits of a successful data governance program to business goals and objectives and how better governed data can help achieve those goals is key. If you can also show that by doing so will save the organization money, then you are speaking the language of senior leadership.
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