Organizations are increasingly recognizing the value of corporate data as a resource and consequently are focusing more on governance of that data. Governance includes keeping track of who owns which data, deciding what needs to be retained and for how long, and ensuring that it is protected. In that context, governance is a component of risk management; in addition, knowing certain things about management of the data is essential to compliance. Governance can also cover processes to ensure they meet the needs of the organization, do not create risks and comply with internal guidelines and external regulations.
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