Is the risk management framework you rely on for D&A initiatives a data-specific framework or adapted from a general risk management framework?
General risk management framework adapted to data risk management25%
Data-specific risk management framework75%
Something else
No risk management framework in place
8 PARTICIPANTS
Some key considerations:
Risk Identification: Focuses on data-specific risks such as data quality, data privacy, data security, data governance, and compliance with regulations like GDPR, CCPA, etc.
Risk Assessment: Evaluates the likelihood and impact of data-specific risks, considering factors such as data sensitivity, volume, and the potential impact on decision-making processes.
Risk Mitigation: Develops strategies tailored to data risks, including data encryption, access controls, data anonymization, and establishing robust data governance policies.
Risk Monitoring: Implements continuous monitoring mechanisms for data usage, data breaches, and compliance with data-related policies and regulations.
Risk Reporting: Ensures that data-related risks are communicated effectively to stakeholders, with regular updates and reports on the status of risk mitigation efforts.