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Protect Your SMB With These 8 Data Governance Best Practices
Why Data Governance Matters
In the past, data governance was viewed as a mundane administrative task by many organizations. As data breaches increase, cybersecurity regulations expand, and data privacy laws proliferate, companies no longer have the luxury to opt out of data governance initiatives. Here’s why:
Increased data: According to published reports, total global data storage volume is expected to surpass 200 zettabytes by the end of 2025. That figure compares to just 97 zettabytes at the end of 2022, according to a separate report by Statista.
Costly data breaches: Research from Ponemon Institute shows that the average cost of a data breach has risen to $4.4 million.
More hybrid IT users: Today’s work-from-anywhere culture has increased IT risk, since administrators frequently can’t restore users’ devices quickly in the event of critical data loss.
Emerging mandates: Global data privacy regulations like the California Privacy Rights Act (CPRA) and the General Data Protection Regulation (GDPR) continue to expand rapidly, resulting in companies becoming laser-focused on data breach prevention.