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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 ...
Binding Corporate Rules (BCRs) were developed by the European Union Article 29 Working Party (today the European Data Protection Board) to allow multinational corporations, international organizations, and groups of companies to make intra-organizational transfers of personal data across borders in compliance with EU Data Protection Law.
Data sovereignty is the ability of a legal person or an organisation to control the conditions that data is shared under, and how that shared data is used, as if it were an economic asset. [ 1 ] [ 2 ] It can apply to both primary data and secondary data derived from data, or metadata . [ 3 ]
The PDPA establishes a data protection law that comprises various rules governing the collection, use, disclosure and care of personal data. Access to personal data is laid out as part of Part IV, chapter 21 which states that on request of an individual, an organization shall, as soon as reasonably possible, provide the individual with: [9]
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.