Published: 29 June 2023
Data and analytics risks, if not understood and addressed, lead to higher business risk exposure and failed enterprise outcomes. Data and analytics leaders must adopt effective risk practices and engage risk management teams to protect D&A investments and deliver sustainable business value.
Data and analytics (D&A) leaders acknowledge governance as a critical enabler for business success, yet fail to recognize the central role that risk management plays in this. Gartner’s Chief Data and Analytics Officer Agenda Survey for 2023 shows only 19% identifying improvement of compliance and risk management, as an objective they felt compelled to focus on in the next 12 months.
Auditing teams increasingly have data and analytics on their radar, with 76% of chief audit executives rating data governance as “very important” to provide assurance over the coming year, per Gartner’s 2023 Audit Key Priorities and Risks Survey.
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