Shared Value and Data Integrity Kit (Publication Date: 2024/04)

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



  • Which data are of long term value and should be retained, shared, and/or preserved?


  • Key Features:


    • Comprehensive set of 1596 prioritized Shared Value requirements.
    • Extensive coverage of 215 Shared Value topic scopes.
    • In-depth analysis of 215 Shared Value step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 215 Shared Value 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: Asset Management, Access Provisioning, Boundary Setting, Compliance Monitoring, Sports Data, Disaster Recovery Testing, Digital Signatures, Email Security, Data Masking, Creative Confidence, Remote Access Security, Data Integrity Checks, Data Breaches, Data Minimization, Data Handling Procedures, Mobile Application Security, Phishing Attacks, Transformation Journey, COSO, Business Process Redesign, Data Regulation, Two Factor Authentication, Organizational Continuous Improvement, Antivirus Software, Data Archiving, Service Range, Data Correlation, Control System Engineering, Systems Architecture, Systems Review, Disaster Recovery, Secure Data Transmission, Mobile Device Management, Change Management, Data Integrations, Scalability Testing, Secure Configuration Management, Asset Lifecycle, Complex Numbers, Fraud Detection, Resource Calibration, Data Verification, CMDB Data, Data Aggregation, Data Quality Management System, Disaster Recovery Strategies, Network Segmentation, Data Security, Secure Development Lifecycle, Data Review Checklist, Anti Virus Protection, Regulatory Compliance Plan, IT Controls Review, Data Governance Framework, Validation Activities, Quality Monitoring, Data access revocation, Risk Assessment, Incident Investigation, Database Auditing, Multi Factor Authentication, Data Loss Prevention, Business Continuity, Compliance Standards, Data Classification, Social Engineering, Data Recovery, Integrity In Leadership, Data Legislation, Secure Coding Practices, Integrity Evaluation, Data Management SOP, Threat Intelligence, Data Backup Frequency, Tenant Privacy, Dynamic Environments, Intrusion Detection, Handover, Financial Market Stress, Data Usage Tracking, Data Integrity, Loss Of Integrity, Data Transfer, Access Management, Data Accuracy Integrity, Stress Testing, Log Management, Identity Management, CMMi Level 3, User Authentication, Information Security Training, Data Corruption, Regulatory Information Management, Password Management, Data Retention Policies, Data Quality Monitoring, Data Cleansing, Signal Integrity, Good Clinical Data Management Practice, Data Leakage Prevention, Focused Data, Forensic Analysis, Malware Protection, New Product Launches, Ensuring Access, Data Backup, Password Policies, Data Governance Data Governance Culture, Database Security, Design Controls, Financial Reporting, Organizational Integrity, Return On Assets, Project Integration, Third Party Risk Management, Compliance Audits, Data Encryption, Detective Controls, Transparency And Integrity, Project Constraints, Financial Controls, Information Technology, Standard Work Instructions, Access Controls, Production Records, Healthcare Compliance, Equipment Validation, SQL Injection, Data Anonymization, Endpoint Security, Information Security Audits, Safety Analysis Methods, Data Portability, Incident Management, Secure Data Recovery, Electronic Record Keeping, Clear Goals, Patch Management, Privacy Laws, Data Loss Incident Response, System Integration, Data Consistency, Scalability Solutions, Security And Integrity, Quality Records, Regulatory Policies, Cybersecurity Measures, Payment Fees, Business Impact Analysis, Secure Data Processing, Network Security, Data Reconciliation, Audit Trail, User Access Controls, Data Integrity Monitoring, Payment Software, Release Checklist, Supply Chain Integrity, Disaster Recovery Planning, Safety Integrity, Data Compliance Standards, Data Breach Prevention, Master Validation Plan, Data Backup Testing, Integrity Protection, Data Management System, Authorized Access, Error Reduction Human Error, Management Systems, Payment Verification, Physical Security Measures, ERP Current System, Manager Selection, Information Governance, Process Enhancement, Integrity Baseline, IT Processes, Firewall Protection, Blockchain Integrity, Product Integrity, Network Monitoring, Data Controller Responsibilities, Future Expansion, Digital Forensics, Email Encryption, Cloud Security, Data Completeness, Data Confidentiality Integrity, Data access review criteria, Data Standards, Segregation Of Duties, Technical Integrity, Batch Records, Security Incident Response, Vulnerability Assessments, Encryption Algorithms, Secure File Sharing, Incident Reporting, Action Plan, Procurement Decision Making, Data Breach Recovery, Anti Malware Protection, Healthcare IT Governance, Payroll Deductions, Account Lockout, Secure Data Exchange, Public Trust, Software Updates, Encryption Key Management, Penetration Testing, Cloud Center of Excellence, Shared Value, AWS Certified Solutions Architect, Continuous Monitoring, IT Risk Management




    Shared Value Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):


    Shared Value


    Shared value refers to data that have lasting importance and should be kept, exchanged, or safeguarded.


    1. Use data classification and retention policies to identify and prioritize valuable data.
    - Ensures important data is preserved for future use and reduces storage costs by deleting unnecessary data.

    2. Implement secure data sharing procedures with trusted partners.
    - Allows for collaboration while ensuring data integrity and confidentiality.

    3. Utilize encryption and access controls to safeguard shared data.
    - Protects sensitive data from unauthorized access or tampering.

    4. Use data backups and disaster recovery plans to ensure data availability.
    - Protects against data loss due to system failures or disasters.

    5. Regularly review and update data privacy and security protocols.
    - Ensures data remains secure and compliant with regulations.

    6. Implement data governance models and procedures.
    - Establishes clear roles and responsibilities for managing and sharing data.

    7. Utilize blockchain technology for secure and transparent data sharing.
    - Provides a decentralized and immutable database for data integrity and transparency.

    CONTROL QUESTION: Which data are of long term value and should be retained, shared, and/or preserved?


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

    In 10 years from now, Shared Value will have established a global data management system that ensures the retention, sharing, and preservation of all data that holds long-term value for the organization and its stakeholders.

    This system will encompass both internal and external data sources, including financial data, impact metrics, market insights, and consumer trends. The goal is to create a robust and interconnected data infrastructure that can inform decision-making and drive sustainable growth for the organization and its partners.

    The data management system will prioritize ethical data practices and comply with all relevant regulations, ensuring the protection and privacy of individuals′ data while still enabling the beneficial sharing of information.

    This achievement will position Shared Value as a leader in responsible and transparent data management, setting a new standard for the industry. It will also facilitate collaboration and knowledge exchange with other organizations, leading to the development of innovative and impactful solutions to societal challenges.

    Ultimately, this ambitious goal for the next 10 years will solidify Shared Value′s commitment to using data for good and reinforce its role as a force for positive change in the world.

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    Shared Value Case Study/Use Case example - How to use:


    Client Situation:
    The client is a global consumer goods company with operations in multiple countries. They have been facing challenges in understanding which data should be retained, shared, and preserved in the long term. The company has been collecting a vast amount of data from different sources but lacked a comprehensive strategy for managing and utilizing it effectively. This led to data storage issues, increased costs, and inefficiencies in decision-making processes.

    Consulting Methodology:
    Our consulting methodology for this project involved conducting a thorough analysis of the client′s current data management practices and identifying areas where improvements could be made. We also engaged with key stakeholders and subject matter experts within the organization to understand their data needs and requirements. Based on our findings, we developed a framework for identifying and categorizing data based on their long-term value and potential uses.

    Deliverables:
    1. Data Value Assessment Framework: Our first deliverable was a comprehensive framework for assessing the value of data. It included criteria for determining the long-term value of data, such as business impact, regulatory requirements, and strategic importance.
    2. Data Inventory Report: We conducted an inventory of all the data collected by the company and categorized them into different types based on their long-term value.
    3. Data Management Strategy: Based on our analysis and the client′s specific needs, we developed a data management strategy that outlined the processes, tools, and resources required for effective data retention, sharing, and preservation.
    4. Implementation Plan: To ensure successful implementation of the data management strategy, we developed a detailed plan with timelines, roles, and responsibilities assigned to different stakeholders.

    Implementation Challenges:
    The main challenge faced during the implementation of our recommendations was the lack of a centralized data management system. The client had been using multiple systems and tools to store and manage data, making it difficult to have a holistic view of their data assets. Additionally, there was resistance from some departments to share their data, citing concerns about data security and confidentiality.

    KPIs:
    1. Data Storage Costs: One of the key KPIs for measuring the success of our project was a reduction in data storage costs. We aimed to optimize the client′s data storage by identifying and eliminating redundant or obsolete data.
    2. Time taken for data retrieval: Another important KPI was the time taken for data retrieval, which we aimed to reduce by implementing a centralized data management system.
    3. Increased data sharing: We measured the success of our project by tracking the number of departments and teams that were actively sharing their data with others.
    4. Improved decision-making: Ultimately, our goal was to improve the efficiency and effectiveness of decision-making processes by providing timely access to relevant data.

    Management Considerations:
    Effective data management is an ongoing process, and it requires continuous monitoring and updates to ensure its relevance and effectiveness. Therefore, our consulting team recommended that the management of the client company should establish a dedicated team to oversee data management processes and regularly review the data management strategy to incorporate any changes in the business landscape. We also emphasized the importance of regular data audits and data governance to maintain data accuracy, security, and compliance with relevant regulations.

    Conclusion:
    Through our consulting efforts, the client gained a better understanding of the value of their data and how to manage it effectively. Our recommendations helped them optimize their data storage costs, improve data accessibility, and ultimately make better-informed decisions. By implementing our suggested data management strategy and setting up a dedicated data management team, the client was able to build a culture of data sharing and preservation, which will continue to drive long-term value for the organization.

    Citations:
    1. Maximizing Data Value through Effective Data Management - Deloitte Consulting Whitepaper
    2. Data for Good: Managing Data for Long-Term Value Creation - McKinsey & Company Report
    3. The Importance of Data Governance in the Era of Big Data - Harvard Business Review

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