A global investment firm asked Protiviti to help develop a data governance model to address significant data management deficiencies that threatened the firm’s competitive advantage and its ability to bring new products and services to market. Our client’s data was fragmented among multiple locations and/or stranded in stand-alone business applications and teams, causing operational deficiencies, especially in outsourcing opportunities.
To establish an effective data management program for our client, Protiviti used a three-stage approach. In each phase of the project we delivered the following services:
Phase I – Determining the scope of shared data and data management roles
Phase II – Establishing of a golden record
Phase III – Designing a target operating model and roadmap
At the completion of the project, our client had reduced fragmentation of data ownership significantly. More importantly, it now had an enhanced, common understanding across the organization of data types and data ownership and management, which enabled the effectiveness of the data governance framework. The data governance good practices embedded in the framework unlocked the previously unavailable opportunities for outsourcing and enabled other cost and operational efficiencies, restoring the firm’s competitive position.
As the business world becomes more and more connected, it is critical to view data governance and privacy as a business issue, not just an IT issue. Data classification and management, security threats, vulnerabilities and privacy exposures challenge every organization today, creating risks that must be understood and managed. Often organizations do not know what risks they face or how to manage these risks effectively. Equally important, good security and privacy practices can provide revenue growth opportunities through personalized support to clients.
Protiviti provides a wide variety of security and privacy assessment, architecture, transformation and management services to help organizations identify and address security and privacy exposures (e.g., loss of customer data, loss of revenue, or reputation impairment to a customer) before they become problems.
We have a demonstrated track record of helping companies react to security incidents, establish security programs, deal with identity and access management, and handle industry-specific data security and privacy issues, including PCI and HITRUST. We invite you to explore the various IT security and privacy services we offer: