DATA RISKS RUN DEEP: Internal audit can serve as a partner to data governance, says Kevin Mooney, senior director, Enterprise Data Governance, Cleveland Clinic.

 
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What are the data governance risks and how can internal auditors help address them? Failing to govern exponentially increasing volumes of data may result in risks that are dozens deep. These may include not knowing what or where your data is; perceived lack of trust in data; gathering and keeping low value/no value data; and lack of enterprise standards, teamwork, and accountability. Additional risks are inconsistent data-sharing practices, inconsistent or low-return commercialization, lack of understanding of the data's context, disconnected databases, redundancy, and proliferation issues. Security, cyber, and regulatory risks also are concerns, along with integrity and quality issues. Lastly, lack of trust by both consumers and within the organization may result in a...

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