CIPL publishes white paper on responsible data use and comprehensive data strategy
Wednesday, April 24, 2024
In April 2024, the Hunton Andrews Kurth Center for Information Policy Leadership (“CIPL”) published a white paper on Using Data Responsibly: Why Boards and Executives Need to Adopt a Holistic Data Strategy paper”) was published. The report finds that executives are leveraging data as a core business asset as companies consider and move data strategically and holistically beyond traditional risk and compliance functions. thinking about. The white paper explores how to identify and manage data risks at structural, operational, and leadership levels to drive a single, coherent organizational strategy that integrates data risk identification and management with the consideration and recognition of new data uses, innovations, and opportunities. Outlines a holistic approach to bridging data silos.
In its whitepaper, CIPL provides a roadmap for building a comprehensive data strategy starting “at the top.” According to CIPL, with board direction and executive support, previously siled corporate functions can share internal knowledge and develop legitimate, innovative and It says it can unlock the hidden value of data for profitable business purposes. Intelligence.