DATA RISK FRAMEWORK
Data ethics must be integrated into governance processes to truly become part of an organization’s DNA. Leaders can start using our comprehensive data risk framework that defines the guiding principles, risk inventory, policies and standards, and controls that govern the ethical usage of data (exhibit). Once the framework has been developed, successful implementation can take place with clear communication, robust discussion, and alignment across the organization.
Effective strategy is to form a cross-functional data ethics committee that has a mandate to develop, publish, and uphold the data risk framework. In our experience, this committee is most effective when it is formally integrated into the compliance organization.