Data Security and Data Cleansing in Oracle Fusion Kit (Publication Date: 2024/03)

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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:



  • What are the personnel costs associated with data storage and data security in the project?


  • Key Features:


    • Comprehensive set of 1530 prioritized Data Security requirements.
    • Extensive coverage of 111 Data Security topic scopes.
    • In-depth analysis of 111 Data Security step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 111 Data Security case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Governance Structure, Data Integrations, Contingency Plans, Automated Cleansing, Data Cleansing Data Quality Monitoring, Data Cleansing Data Profiling, Data Risk, Data Governance Framework, Predictive Modeling, Reflective Practice, Visual Analytics, Access Management Policy, Management Buy-in, Performance Analytics, Data Matching, Data Governance, Price Plans, Data Cleansing Benefits, Data Quality Cleansing, Retirement Savings, Data Quality, Data Integration, ISO 22361, Promotional Offers, Data Cleansing Training, Approval Routing, Data Unification, Data Cleansing, Data Cleansing Metrics, Change Capabilities, Active Participation, Data Profiling, Data Duplicates, , ERP Data Conversion, Personality Evaluation, Metadata Values, Data Accuracy, Data Deletion, Clean Tech, IT Governance, Data Normalization, Multi Factor Authentication, Clean Energy, Data Cleansing Tools, Data Standardization, Data Consolidation, Risk Governance, Master Data Management, Clean Lists, Duplicate Detection, Health Goals Setting, Data Cleansing Software, Business Transformation Digital Transformation, Staff Engagement, Data Cleansing Strategies, Data Migration, Middleware Solutions, Systems Review, Real Time Security Monitoring, Funding Resources, Data Mining, Data manipulation, Data Validation, Data Extraction Data Validation, Conversion Rules, Issue Resolution, Spend Analysis, Service Standards, Needs And Wants, Leave of Absence, Data Cleansing Automation, Location Data Usage, Data Cleansing Challenges, Data Accuracy Integrity, Data Cleansing Data Verification, Lead Intelligence, Data Scrubbing, Error Correction, Source To Image, Data Enrichment, Data Privacy Laws, Data Verification, Data Manipulation Data Cleansing, Design Verification, Data Cleansing Audits, Application Development, Data Cleansing Data Quality Standards, Data Cleansing Techniques, Data Retention, Privacy Policy, Search Capabilities, Decision Making Speed, IT Rationalization, Clean Water, Data Centralization, Data Cleansing Data Quality Measurement, Metadata Schema, Performance Test Data, Information Lifecycle Management, Data Cleansing Best Practices, Data Cleansing Processes, Information Technology, Data Cleansing Data Quality Management, Data Security, Agile Planning, Customer Data, Data Cleanse, Data Archiving, Decision Tree, Data Quality Assessment




    Data Security Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):


    Data Security


    Data storage and security personnel costs include salaries, benefits, training, and equipment for employees responsible for managing and protecting the project′s data.


    1. Implementation of role-based access control: Limits access to sensitive data based on job role, reducing potential security breaches.
    2. Encryption of data at rest: Protects data from unauthorized access, ensuring data confidentiality and compliance with regulations.
    3. Data masking: Redacts sensitive data when viewed by unauthorized users, preventing data exposure and maintaining confidentiality.
    4. Regular data backups: Prevents data loss in case of a security breach or system failure, ensuring data availability.
    5. Implementation of strong password policies: Enforces strong passwords for user accounts, reducing the risk of unauthorized access.
    6. Data monitoring and auditing: Tracks user activity and identifies potential security threats, enabling prompt response to mitigate risks.
    7. Multi-factor authentication: Adds an extra layer of security by requiring multiple forms of authentication for accessing sensitive data.
    8. Regular security updates and patches: Ensures that the system is up-to-date with the latest security measures to protect against new threats.
    9. User training and awareness programs: Educates employees on data security best practices, reducing the risk of human error leading to security breaches.
    10. Use of data cleansing tools: Identifies and removes duplicate or erroneous data, reducing the risk of data inconsistencies and improving overall data quality.

    CONTROL QUESTION: What are the personnel costs associated with data storage and data security in the project?


    Big Hairy Audacious Goal (BHAG) for 10 years from now:

    The big, hairy, audacious goal for Data Security 10 years from now is to have completely eliminated the threat of data breaches and cyber attacks, ensuring the safety and privacy of all sensitive information. This will include implementing advanced technologies such as AI and machine learning to enhance security measures, as well as staying ahead of constantly evolving cyber threats.

    In terms of personnel costs, the goal is to minimize the need for dedicated staff solely focused on data security, by automating many of the processes through advanced technologies. However, there will still be a need for a highly skilled and specialized team to manage and oversee the security systems, as well as continuously monitor and update them. Therefore, the estimated personnel costs for data storage and data security in this project is expected to be approximately $2 million per year. This includes salaries, benefits, training, and any necessary equipment or software.

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    Data Security Case Study/Use Case example - How to use:



    Client Situation:
    XYZ Inc. is a multinational corporation with operations in various countries and millions of customers worldwide. Their business relies heavily on collecting and storing sensitive customer data, including personal information, financial details, and transaction histories. With the increasing threat of data breaches and cyber-attacks, the company realizes the need for an enhanced data security system to protect their customers′ data.

    Consulting Methodology:
    The consulting team adopts a three-phased approach towards addressing the client′s data security concern. The first phase involves conducting a thorough assessment of the existing data storage and security practices. This includes reviewing data storage devices, access controls, encryption methods, and user authentication protocols.

    In the second phase, the team conducts a risk assessment to identify potential vulnerabilities and threats to the company′s data. This includes identifying areas of improvement in data backup, disaster recovery, and incident response plans. The final phase involves implementing measures to enhance data security and mitigate identified risks.

    Deliverables:

    1. Data Security Assessment Report - This report includes a detailed analysis of the current data storage and security practices, vulnerabilities, and potential threats. It also provides recommendations for improving data security.

    2. Risk Assessment Report - This report identifies potential risks and vulnerabilities to the company′s data and outlines mitigation strategies.

    3. Data Security Plan - This plan includes the recommended measures for enhancing data security, including data encryption, access controls, and incident response plans.

    4. Data Security Training Program - To ensure that employees are aware of their roles and responsibilities in data security, the consulting team will develop and conduct training programs for all employees.

    Implementation Challenges:

    1. Cultural Resistance - A major challenge in implementing data security measures is the cultural resistance among employees. Many employees may be reluctant to change their current practices, which can hinder the implementation process.

    2. Limited Budget - Implementing robust data security measures requires significant investments in technology, infrastructure, and training. Limited budget allocation can be a major challenge for the company.

    3. Balancing Convenience and Security - The consulting team must strike a balance between convenience and security to ensure that data security measures do not hinder daily operations or productivity.

    KPIs:
    1. Data Breach Incidents - The number of data breaches reported after implementing enhanced data security measures.

    2. Employee Compliance - The percentage of employees who have completed the data security training program and are following the recommended practices.

    3. Customer Trust - Customer satisfaction surveys can measure the level of trust and satisfaction with data security measures.

    Management Considerations:
    1. Regular Reviews and Updates - Data security practices and protocols should be reviewed and updated regularly to ensure they align with changing data security threats and industry standards.

    2. Resource Allocation - Adequate resources, including budget, technology, and skilled personnel, should be allocated for data security to effectively mitigate risks.

    3. Continuous Monitoring - Continuous monitoring of data systems and employee practices is essential to identify any potential vulnerabilities and take preventative measures.

    Citations:

    1. Data Security and Retention in the Age of Big Data. Accenture, www.accenture.com/us-en/insights/security/data-security-retention-age-big-data. Accessed 8 Nov. 2021.

    2. Gomzin, Slava. Effective Strategies for Managing Risks Associated with Data Storage. IBM, www.ibm.com/blogs/internet-of-things/iot-data-storage/. Accessed 8 Nov. 2021.

    3. Data Breach Investigations Report. Verizon, www.verizon.com/business/resources/reports/dbir/. Accessed 8 Nov. 2021.

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