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While data governance initiatives can be driven by a desire to improve data quality, they are often driven by C-level leaders responding to external regulations. In a recent report conducted by CIO WaterCooler community, 54% stated the key driver was efficiencies in processes; 39% - regulatory requirements; and only 7% customer service. [6]
The data protection reform package also includes a separate Data Protection Directive for the police and criminal justice sector that provides rules on personal data exchanges at State level, Union level, and international levels. [8] A single set of rules applies to all EU member states.
The Data Governance Act (DGA) is a regulation by the European Union that aims to create a framework which will facilitate data-sharing. [ 1 ] [ 2 ] The proposal was first announced within the 2020 European strategy for data and was officially presented by Margrethe Vestager in 25 November 2020. [ 3 ]
Regulation of the issues of ethical and legal support for the development of AI is accelerating, and policy ensures state control of Chinese companies and over valuable data, including storage of data on Chinese users within the country and the mandatory use of People's Republic of China's national standards for AI, including over big data ...
As data generation exploded in recent decades, and regulations and compliance issues increased, traditional records management failed to keep pace. A more comprehensive platform for managing records and information became necessary to address all phases of the lifecycle, which led to the advent of information governance.
(Reuters) -The top U.S. consumer finance watchdog on Tuesday unveiled long-awaited rules that would make it easier for consumers to switch between financial services providers, a move the agency ...
In 1980, the OECD issued recommendations for protection of personal data in the form of eight principles. These were non-binding and in 1995, the European Union (EU) enacted a more binding form of governance, i.e. legislation, to protect personal data privacy in the form of the Data Protection Directive.
And will TikTok’s status in the U.S. ultimately depend on regulatory compromises, such as stricter data governance rules or forced ownership changes? Such questions cut to the heart of the ...