Compliance: The Unlikely Catalyst for Business Knowledge and Insights

On the contrary, a key role of the business managers, supported by the CDO, is first to define the insights and questions needed to meet business objectives, and then identify those pieces of data needed for answers. By narrowing the scope of these tasks to the specific subject areas needed to answer key questions, value can be realized more quickly, while the insights are still relevant.

The insights delivered through this initial work will illuminate gaps in the data infrastructure and business processes. Most importantly, this approach can lead to organizations embedding this expanded data into standard business reporting and metrics, and using it to drive better decisions.

It is time for organizations to fully embrace their compliance requirements.  Every cloud has a “silver lining,” and this is an opportunity for business leaders to shift their mindset to one of opportunity