When viewing data as a risk, much of the focus for businesses is on regulatory compliance. What’s interesting with Arrow Global is that the idea of being ‘contractually compliant’ is of equal importance.
In addition, in the process of gaining support, budget and buy-in from the business to use data discovery software to ensure GDPR and contractual compliance, Dave Parker aligned his initiative to a board-level concern around how to find the asset value in data.
By thinking about how to monetise data by joining the dots, and doing it in a regulatory compliant way using one data discovery software tool, Dave raised the profile of data governance and put it firmly on the boardroom agenda. The focus has shifted towards seeing data as an asset, and the governance team can get the backing for their data programmes.
Arrow is a highly competent organisation when it comes to analytics, and they have the inhouse resource to do amazing things with their data to the benefit of their customers. But it all starts with knowing what data they have and where it is, so they can make better informed decisions about what to do with it.