Precisely Data360 For Addressing Data Privacy Compliance
The people, process and technology challenge
The processing of personal data can occur throughout an organization’s enterprise, taking many forms and serving many functions on a daily basis. With the General Data Protection Regulation (GDPR), and the California Consumer Privacy Act (CCPA) companies preparing for compliance are faced not with a one-off project, but with the larger challenge of formulating a long-term strategy that requires consensus building and cooperation across their entire organization. In many ways, the full impact of data privacy is yet unknown to companies, as data process owners and other stakeholders determine the location of personal data throughout the data supply chain, identify what processing is subject to privacy requirements, and continue to assess the alterations and approvals that may be required to make that processing compliant. And beyond this knowledge-gathering, few organizations have an efficient, standardized, user-friendly method to document compliance-related activities and make them transparent to internal and external audits— particularly on an ongoing basis.
Privacy compliance requires implementation of an organization-wide data governance program, reliant upon both collaboration and shared accountability. The structure of governance programs can widely vary, but when viewed from a single-process perspective, compliance requires several considerations and contributions from many different competency areas. Chief among these is the process owner, who must define the processing principles. Supporting competencies include application owners, vendor management, compliance officers, etc.—all of whom must provide input and approvals for varying regulatory provisions. The challenge of achieving compliance on an initial and ongoing basis is a multi-faceted and shared undertaking, further complicated by the organizations’ limited visibility and data monitoring capabilities.
How Precisely helps you achieve compliance
We believe that data governance alone solves many privacy challenges, but does it address two other crucial concerns— are we monitoring the quality of the personal data and are we sure we have identified the locations of all the personal data? This is why validating data quality, then reporting metrics to data
governance along with utilizing analytics with machine learning capabilities to identify personal data adds considerable value to what is possible to view and explore with a data governance tool. Data governance is the hub to solve privacy challenges and Precisely is uniquely positioned with Data360—an
enterprise solution platform that enables better control over data and solves business impacting challenges like GDPR and CCPA. Precisely Data360 is built on a foundation of governance, with a framework of data quality and analytics to drive insights, process improvement and data value. The seamless integration synthesizes the critical data management features of data preparation, case management workflow,
visualization and collaboration.
Read more about how companies must develop a broad data privacy compliance strategy through data governance and privacy data detection analytics to meet the coming demands of groundbreaking regulations like GDPR and CCPA.