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Introduction

A strategic, sustainable approach requires aligning business objectives with compliance requirements in order to gain better control of data. This offers the enterprise the potential to exploit benefits across all its data-driven initiatives.

Highlights

  • Aligning compliance and business objectives requires high-level effort: shaping holistic workflows composed of people, process, and technology.
  • Complete, granular data control is the technical requirement of both compliance and proactive leverage of informational assets. Control ultimately drives business value.
  • Specific use cases, with measurable ROI, are typically the starting point for the enterprise to create alignment between compliance and existing business objectives.

Features and Benefits

  • Assesses historical and current enterprise compliance strategies, and identifies the numerous pitfalls of methodology designed to achieve minimum compliance requirements.
  • Identifies the communicative and organizational barriers that exist in the enterprise's efforts to integrate compliance as an organization-wide initiative.
  • Identifies the fundamental technical information management requirements shared by compliance initiatives and proactive data leverage initiatives.
  • Evaluates the potential for GDPR compliance strategies to contribute to existing enterprise initiatives for the maximization of business value.
  • Identifies common enterprise use cases that stand to benefit from compliance efforts, which provide practical starting points for alignment of compliance and business objectives.

Key questions answered

  • Why is regulatory compliance traditionally viewed as a cost center and burden within the enterprise, and how can organizations shift strategy to derive value from their compliance efforts?
  • Why is the solution-centric approach to GDPR compliance, and compliance in general, not sustainable from a long-term business perspective?
  • What technical information management requirements do compliance and proactive data leverage have in common, and how can this commonality be exploited to strategically align objectives?
  • How can compliance efforts augment and strengthen existing data-driven initiatives in the enterprise, such as data quality programs and customer 360-degree efforts?
  • What are the practical starting points for the enterprise that wishes to align compliance with business objectives? What existing use cases provide a framework for alignment?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for enterprises
  • Recommendations for vendors

Aligning objectives requires high-level effort

  • Look at the forest, and not just the trees
  • Compliance requires people, process, and technology
  • Leadership, and cross-departmental collaboration, is needed

Compliance, and data leverage, depend on control

  • The enterprise is faced with (seemingly) opposing trends
  • In reality these trends are two sides of the same coin
  • Shared requirements provide opportunity for alignment
  • Architectural challenges abound, and silos are the problem

Use cases provide opportunities for alignment

  • Tangible use cases leverage existing people and processes
  • Identifying common use cases with ROI helps align objectives
  • For successful compliance outcomes, follow the budget

Appendix

  • Methodology
  • Further reading
  • Author