Executive summary:
Ensuring governance and compliance is a key organisational goal in 2024, yet it does not attract the same attention from CIOs as for other executives. And while data can help executives to build a risk-informed approach to simplifying compliance, becoming data-driven has fallen out of the top 5 priorities for CIOs as of Aug 2024.
Uplifting the data foundations can build better visibility into risks and provide insight into which actions to prioritise. Protecting that data from a breach is also a regulatory imperative. Many of the recent changes require better handling of sensitive data.
This report publishes as part of ADAPT’s set on simplifying compliance with deepening digital obligations. It focuses on the actions that can uplift the data foundations and explores some of the value for doing so. The set includes:
- An ADAPT Market Trends that explores the overall journey to simplify compliance
- An ADAPT Tech Trends that shares those key insights.
- An ADAPT Overview that provides a quick take of the key actions and value.
- The ADAPT Primer into which this ‘chapter’ publishes.
With that, let’s now explore the current state, before turning to key actions/lessons learnt and what value can be targeted or preserved.