Sandhill’s Data Risk Management analyzes the potential risks and liabilities related to the organization’s data management processes that could hinder the achievement of critical business objectives.
Data Risk Management is more than just dealing with data breaches. Data faults that arise from the content, structure, and lifecycle of data can also lead to financial and reputational losses from commercial and regulatory non-compliance. Sandhill’s offering for Data Risk Management Assessment can deliver capabilities to the auditing community, both financial and IT, with the processes and technologies that provide for traceability of data resources from business terms to database elements.
Data faults associated with the structure or “form” of data are addressed by improvement opportunities for an organization’s Data Governance capabilities. Data Governance processes ensure broad participation in the practice and senior oversight of the effectiveness of data management. (See Data Governance Assessment for more information.)
Data faults associated with the content or “substance” of data are addressed by improvement opportunities for an organization’s Data Quality capabilities. Data Quality processes define and implement a collaborative approach for detecting, assessing, and cleansing data defects to ensure fitness for intended uses in business operations, decision making, and planning. (See Data Quality Assessment for more information.)
Data faults associated with the lifecycle or processing of data are addressed by improvement opportunities for an organization’s Data Operations capabilities. Data Operations processes specify data requirements and manage implemented data across the entire supply chain. (See Data Operations Assessment for more information.)
Not only do we sell data modeling software packages, but our extensive knowledge allows us to not only support your organization in proper use, but our own standards products are also available to ensure data efficiencies.