INFOGRAPHIC

How To Manage Your Data Life Cycle Infographic

Modern organisations must balance extracting value from data with privacy concerns guided by an ethics that considers each phase of the data life cycle. By doing so, organisations gain visibility and insight into the data they collect including where the data comes from, who has access to it, and what regulations need to be complied with. This drives business efficiency reducing risk while proactively positioning your organisation to adapt to evolving regulations.

This is the age of information. That information is data created, collected, and collated at extraordinary rates. Every hour, Walmart collects 2.5 petabytes of unstructured data from 1 million customers, and a whole science has emerged to transform those raw bits of information into value.

As data collection has expanded, so have peoples’ awareness about what is collected and who owns that information. Most people today believe the data they generate about themselves is their property, and regulations have emerged to confirm this idea backed by the power of law. Right now, 10% of the world’s population is regulated under some type of legislation, and that number is predicted to grow to over 60% by 2023.

Modern organisations must therefore balance extracting value from data with privacy concerns guided by an ethics that considers each phase of the data life cycle. By doing so, organisations gain visibility and insight into the data they collect including where the data comes from, who has access to it, and what regulations need to be complied with. This drives business efficiency reducing risk while proactively positioning your organisation to adapt to evolving regulations.

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John Doe, Security Officer from Vodafone

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