Which practice under data governance focuses on ensuring adherence to laws and regulations?

Which practice under data governance focuses on ensuring adherence to laws and regulations?

• A. Data asset valuation
• B. Regulatory compliance
• C. Issue management
• D. Data security

Answer: (B)

The practice that focuses on ensuring adherence to laws and regulations is regulatory compliance. This area of data governance is crucial for organizations as it involves implementing policies and procedures that help manage and protect data according to established legal frameworks, industry standards, and regulatory requirements. Regulatory compliance ensures that organizations are accountable and that they protect sensitive information while also avoiding legal penalties and reputational damage that can arise from non-compliance. This practice encompasses a variety of activities, including monitoring changes in legislation, conducting audits, and training staff on compliance-related matters. By focusing on regulatory compliance, organizations can effectively navigate the complex landscape of laws governing data usage, privacy, and security, ensuring that they not only meet current requirements but are also prepared for future regulations. The other practices mentioned do not specifically aim to ensure adherence to laws and regulations. For instance, data asset valuation focuses on determining the value of data assets for strategic decision-making, issue management deals with identifying and resolving data-related problems, and data security is concerned with protecting data from unauthorized access and breaches, rather than directly addressing compliance with legal frameworks.

The practice that focuses on ensuring adherence to laws and regulations is regulatory compliance. This area of data governance is crucial for organizations as it involves implementing policies and procedures that help manage and protect data according to established legal frameworks, industry standards, and regulatory requirements. Regulatory compliance ensures that organizations are accountable and that they protect sensitive information while also avoiding legal penalties and reputational damage that can arise from non-compliance.

This practice encompasses a variety of activities, including monitoring changes in legislation, conducting audits, and training staff on compliance-related matters. By focusing on regulatory compliance, organizations can effectively navigate the complex landscape of laws governing data usage, privacy, and security, ensuring that they not only meet current requirements but are also prepared for future regulations.

The other practices mentioned do not specifically aim to ensure adherence to laws and regulations. For instance, data asset valuation focuses on determining the value of data assets for strategic decision-making, issue management deals with identifying and resolving data-related problems, and data security is concerned with protecting data from unauthorized access and breaches, rather than directly addressing compliance with legal frameworks.