There is no doubt that regulatory compliance rules influence how a company manages its information: More often than not, being "compliant" is a testament to how well companies track and handle data.
SearchCompliance.com editor Ben Cole recently sat down with technology law expert Jeffrey Ritter to discuss the increasing regulatory compliance influence on data governance processes. The key to information governance is creating and managing data rules specific to the company, Ritter said, and this task is made much more complicated due to privacy and data protection regulations spreading across the globe.
"Because these rules are varied, and because there is no consistent global standard, the challenge is operating systems that cut across these jurisdictional boundaries," Ritter said. "As we move data to find the greatest efficiency in our grid, we're constantly seeing those rules change."
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Because these rules change so often, each organizational stakeholder -- be it legal, IT or the compliance department -- often has its own ideas on what data governance processes it will take to remain compliant. It's not a simple process, and a major factor in catering to these information-governance-related compliance rules is identifying common internal processes and eliminating redundancies, Ritter said.
Every part of the organization must work together and recognize the importance of meeting these data governance rules -- and collaborate to ensure these rules are followed. When done right, consolidating these compliance and data governance processes can make the organization more efficient as a whole, Ritter said.
"Running the business involves keeping track of the changes to the rules," Ritter said. "Managing our systems requires keeping abreast of prioritizing implementation and executing against these variable rules."
In this podcast, Ritter discusses how compliance influences data governance processes, how organizations should adapt and the importance of using metrics to measure the success of information management practices.
This was first published in February 2013