Benefits of Investing in Data Governance Software
Protect your customers
If a breach occurs at your organization, having a strong data governance program in place helps as you know what and whose data you have that could have been breached to be able to quickly respond and notify the affected parties.
Maintain an audit trail
Having a centralized repository for managing your data allows you to demonstrate exactly what data you have been tracking across multiple years, and what changes have occurred over time. This gives you a clear audit trail showing evidence to regulators to ensure compliance.
Soft & hard dollar savings
Avoid any reputational damage of data privacy violations and lack of customer trust. This will also help you build trust among your client base and prove that you as an organization can be trusted with their data. You’ll also ensure that you’re avoiding fines and penalties enforced by data privacy regulations. Through the data repository and a clear audit trail, you are providing the necessary evidence for regulators to ensure compliance.