Reducing Your Data Risk to Drive Innovation

Comprehensive unified data management helps you build a secure and resilient environment.

Organizations today face a myriad of risks that can affect their operations, reputation and bottom line. Prime among them are the existential threats to your data, including infrastructure risks and data risks.

Comprehensive data governance solutions enable you to address both your infrastructure and data risk to build a resilient and secure environment that supports your operations and protects your valuable data assets. They can play a critical role empowering your teams to extract the most valuable insights from your enterprise data, using secure, regulated and optimized methods to support GenAI-fueled innovation.

Both infrastructure and data risk require careful attention and management. Understanding the distinction – and the interplay – between them is essential for building your robust risk data infrastructure.

Understanding Infrastructure Risk

Infrastructure risks are the vulnerabilities of your organization’s physical and technical assets. Key risk factors include:

• Hardware failures: Malfunctions or breakdowns in servers, storage devices and other critical hardware components.
• Software vulnerabilities: Bugs, glitches or security flaws in software applications that malicious actors can exploit.
• Network disruptions: Interruptions in network connectivity due to cyber attacks, natural disasters or technical issues.
• Physical security breaches: Unauthorized access to facilities or equipment, leading to theft, damage or data loss.

Mitigating infrastructure risk involves implementing robust security measures, regular maintenance and disaster recovery plans to ensure the resilience and reliability of your organization’s infrastructure.

Identifying Data Risk

Data risk, on the other hand, refers to potential threats and vulnerabilities of your organization’s data assets. Key data risk factors include:

• Data breaches: Unauthorized access to sensitive data by cybercriminals, leading to data theft or exposure.
• Data loss: Accidental deletion, hardware failures or disasters that result in the permanent loss of critical data.
• Data corruption: Errors or malicious activities that compromise the integrity and accuracy of data.
• Compliance violations: Failure to adhere to data protection regulations and standards, resulting in legal and financial penalties.

Mitigating data risk demands strong data protection measures, cybersecurity and compliance management to safeguard your data assets.

The Interplay Between Infrastructure Risk and Data Risk

Infrastructure risk and data risk are distinct, yet closely interconnected. A robust data infrastructure is the first step in meeting data risk requirements. This means ensuring that your infrastructure is secure, resilient and capable of supporting data protection measures.

Conversely, understanding and addressing data risk requirements focuses on building solid risk data infrastructure. It requires you to identify the specific data protection needs of your organization and ensure that your infrastructure is designed and maintained to meet them.

A Robust Risk Platform

To enable our customers to assess and address their unique infrastructure and data risk needs, Hitachi Vantara collaborates with Data Dynamics to provide comprehensive unified data management (UDM) solutions that help mitigate risks and drive innovation. This comprehensive risk solution is designed to help you effectively manage data risk and support sustainable growth, by providing a variety of essential components:

1. Risk Assessment and Management
   Regularly assess the likelihood and impact of various threats and vulnerabilities. Then develop a risk management plan that prioritizes mitigation and allocates resources effectively.
   
   
2. Data Protection
   Implement strong data protection measures, including:
   
   • Access Controls: Restrict access to sensitive data based on user roles and responsibilities.
   • Regular Backups: Ensure that data is regularly backed up and can be restored when needed.
3. Cybersecurity Framework
   Deploy advanced security technologies, such as firewalls, intrusion detection systems and antivirus software. Also, establish incident response plans to quickly address security breaches.
   
   
4. Data Infrastructure
   Ensure that your infrastructure is secure, resilient and capable of supporting data protection. Gain continuous insights, intelligence and automation across the enterprise through powerful service-based infrastructure and autonomous operations.
   
   
5. Compliance Management
   Stay aligned to laws and standards, such as DORA, GDPR, CCPA and HIPAA.
   
   
6. Continuous Monitoring and Improvement
   Monitor your data environment for potential threats and vulnerabilities to address emerging risks.

The Greatest Risk is Accepting the Status Quo

By focusing on both infrastructure risk and data risk, you can build a resilient and secure environment that supports your operations and protects your valuable data assets.

Building a robust risk platform is essential for managing data risk and supporting enterprise innovation. In doing so, your organization can create a secure and resilient data environment that drives success in the age of GenAI.

Universal data management solutions from Hitachi Vantara and Data Dynamics can improve your risk management with substantial results. According to research compiled by Data Dynamics , these can include up to:

• 50% more accurate and explainable AI models
• 15% boost in customer lifetime value
• 30% faster risk identification
• 300% cloud ROI in three years
• 174% self-service analytics ROI in three years
• 23x more likely to outperform competitors

So don’t accept the status quo when it comes to avoiding risk. To find out how you can achieve amazing results with unified data management solutions from Hitachi Vantara and Data Dynamics, reach out to your Hitachi Vantara representative today.

Reducing your risk to drive innovation starts with a simple data conversation.

Looking forward to connecting with you to discuss.

Read more

• Blog: Data Dynamics: Tackling Sprawl and Risks
• Blog: Why Data Observability and Preparedness Matters, by Data Dynamics
• Video: Why Hitachi Vantara Technology for Data Governance?
• Universal Data Management Buyer’s Guide
• Hitachi Vantara Data Governance and Regulatory Compliance Solutions