Data Governance

Data Governance and LGPD: The Foundation for Compliance and Business Security

  • July 23 2024
  • Thatiana Napolitano
data-governance

 

  1. What is Data Governance and What is it For
  2. Data Governance and the Brazilian General Data Protection Law (LGPD)
    Key Functions of Data Governance in Compliance with the LGPD
  3. Data Protection in Your Company

 

We are living in the Age of Data, where the volume of information generated and stored globally is growing exponentially, driven by the proliferation of IoT devices, advancements in storage technology, and the digitization of processes across various sectors.

This rapidly evolving landscape is reshaping organizations, redefining their approaches to managing and securing digital assets. It is in this context that data governance emerges as a crucial discipline to ensure the quality, integrity, and confidentiality of data.

 

What is Data Governance and What is it For?

Data governance encompasses a set of policies, processes, standards, and controls that guide the data collection, storage, processing, sharing, and usage within an organization.

Its main objective is to establish a solid framework for data management, aligning it with the organization’s strategic goals, ensuring its integrity, reliability, and availability throughout its lifecycle.

When thinking about data governance, one must ask:

  • What is the value of data to our organization?
  • What are the risks associated with the data, and what protective measures should be taken?
  • How should data be collected, stored, or deleted?
  • What regulations and compliance requirements need to be met?
  • What are the practical uses of this data within the company?
  • Who or which department will have access to this data?
  • How can data security and privacy be ensured?

In the current environment, where strategic decision-making is increasingly data-driven, data governance becomes an important element for organizational success. Effective governance not only ensures the quality and integrity of data but also promotes trust in the insights derived from it, empowering leaders to make informed and assertive decisions.

 

 Data Governance and the Brazilian General Data Protection Law (LGPD)

Properly implemented data governance ensures that companies comply with data protection regulations, such as the LGPD in Brazil. The LGPD aims to protect fundamental rights of privacy and freedom of individuals, establishing clear rules on how organizations should collect, store, process, and share personal data.

Therefore, data governance is essential for companies to meet the principles required by the LGPD, such as transparency, purpose, adequacy, necessity, free access, quality, security, data prevention, and accountability.   

 

Key Functions of Data Governance in Compliance with the LGPD 

Among the key functions that data governance performs in compliance with the LGPD, the following stand out:

  • Data Mapping: The LGPD requires organizations to have a clear understanding of what personal data is being collected, where it is stored, how it is processed, and with whom it is shared.
  • Access Control and Security: The LGPD requires organizations to implement adequate security measures to protect personal data against unauthorized access, leaks, and security breaches.
  • Consent and Transparency: Organizations are required to obtain explicit consent from data subjects before collecting, processing, or sharing their personal data.
  • Risk Management: Organizations are expected to identify and assess the risks associated with the processing of personal data and be able to implement measures to mitigate these risks.

Therefore, data governance assumes a vital role for the sustainability and competitiveness of an organization in the Data Era. It is a fundamental pillar not only for digital transformation but also for ensuring compliance with data protection legislation.

By establishing a culture of responsibility and transparency regarding data, organizations will be able to maximize the value of their data and stand out in an increasingly data-driven business environment.

 

Data Protection in Your Company

Are you ready to strengthen your company's foundation and boost its market competitiveness? NCS Consulting has a specialized team in data governance to help establish a culture of responsibility and transparency regarding your data.

Contact us so we can help your organization maximize the value of its data and ensure compliance with data protection regulations.

Together, we can build a safer and more prosperous future for your business.

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