As solution providers and businesses navigate the turbulent waters of digital transformation, the strategic value of data has never been higher. In an era marked by ransomware threats, stringent regulations and fierce competition, data governance emerges as the key to both safeguarding and extracting unparalleled value from an organization's most critical asset.
Yet, many business and technology leaders find themselves grappling with fundamental questions about their data. Is it secure? How long should it be retained? Where is it stored? Who can access it? What does it contain? And perhaps most crucially, how can this data be transformed into a competitive advantage? Enter data governance.
Data governance is the linchpin that enables organizations to manage the availability, usability, integrity, and security of their enterprise data. In this landscape, object storage emerges as a game-changer, and more IT leaders are recognizing its potential as a technology solution for effective data governance.
The Hitachi Content Platform (HCP) takes center stage, offering a centralized, fully integrated object store that securely collects and stores data—and eliminates silos. This means that individual data elements can be sorted, compared and analyzed. HCP goes beyond conventional data storage solutions by automatically collating, securing, and indexing both structured and unstructured data into a searchable data hub. This not only facilitates regulatory compliance, but also lays the foundation for a robust data governance strategy.
Defining Data Governance for the Digital Era
At its core, data governance is about asserting control over data and ensuring its security. This involves knowing the data's location, origin, access permissions and content. Effective data governance is a prerequisite for maintaining business compliance, whether self-imposed or mandated by industry regulations. HCP addresses each facet of data governance, providing a structured approach to managing unstructured data within a unified object store.
From the central data hub powered by HCP, IT leaders can establish policies, ascertain data ownership, manage access and tag data with custom metadata. This enhances efficiency and assigns value without compromising visibility or control. The ability to sort data by source and apply uniform search and audit techniques ensures adherence to specific regulatory requirements.
The relentless threat landscape confronting organizations necessitates a robust approach to data security. Ransomware attacks, which have seen a 6,000 percent global increase, pose a significant risk. HCP acts as a bulwark, providing organizations with the tools to mitigate these threats. In the face of evolving regulations, the flexibility inherent in HCP allows organizations to adapt and maintain cost-effective compliance.
The High Cost of Compliance and the GDPR Challenge
The cost of non-compliance with regulatory requirements can be exorbitant, both in legal and financial terms. The European Union's General Data Protection Regulation (GDPR), with penalties of up to 4 percent of global revenue, highlights the stakes. HCP offers IT teams the control needed to balance data governance policies, ensuring protection without compromising productivity.
In a landscape where regulations multiply across industries, HCP not only addresses compliance but also extends its centralized data security to remote offices and employee endpoints beyond the corporate firewall.
Analytics and Intelligence for Dynamic Data Governance
A robust data governance strategy goes beyond compliance—it integrates governance requirements with data analytics for a more dynamic approach. Hitachi Content Platform excels in this arena, moving beyond traditional data management techniques to provide seamless access and analysis of data for actionable insights. The same solution used for compliance can drive better business decisions, uncover new opportunities, and generate revenue streams.
As the volume of data continues to explode, the adoption of object storage solutions becomes pivotal for organizations, especially in highly regulated sectors such as finance and healthcare. Hitachi Content Platform meets the challenges posed by regulatory requirements and provides a unified solution for storing, protecting, securing, managing and analyzing all data, structured and unstructured alike.
In the era of digital transformation where data is the lifeblood of success, embracing object storage solutions is not just a strategic choice—it's a necessity for thriving in the digital landscape.
Learn more by downloading the free Hitachi Vantara eBook, “Build a Data Governance Strategy for the New Digital Era.”
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