You might not realize it, but if you are involved in an innovation project that is aiming to generate additional business value by leveraging data and analytics, your success very much depends on your organization’s CISO and the team around that function. Don’t believe me? Well, read on.
We know that BIG DATA is EVERYWHERE. In fact, it has gotten so pervasive that Gartner is starting to change their use of the term Big Data to simply “data and analytics." Because, well, that is what Big Data is all about, isn’t it? Today’s analytics have become more sophisticated and more powerful than ever before. It is a good time to be alive for people who love to crunch data and who are constantly looking for patterns.
Data is the new gold/oil/black and almost every organization has embarked on a quest to find the holy grail of data monetization.
However, because data has become so pervasive and valuable, the cases of data abuse and theft have skyrocketed. This has created a new sense of importance and urgency for privacy in our society. As Lead Analyst at KuppingerCole Amol Singh points out the sheer volume of data now available to organizations is becoming harder to comprehend and subsequently harder to manage and protect.
Therefore, it should not come as a surprise that privacy laws and regulations are becoming increasingly stricter, which is clouding the skies for data-driven innovators. Even worse, these laws and regulations are not just toothless paper tigers anymore:
And no, these developments are not limited to GDPR. There are already examples of data privacy laws around the globe which are very GDPR-like.
When it comes to addressing the requirements of these data privacy laws and regulations, data-centric security is a key ingredient.
A common objection to this view is something like “But security is all about restricting access to data and limiting the use of it. Meeting privacy requirements is about securing data. And securing big data means not being able to analyze it properly.”
Actually, that is not true.
The CISO's Big Data Security tools include the means of protecting data while keeping it usable for most of your Big Data processing and analytics, no matter if it is on-premises or in the cloud.
For some reason this is a well-kept secret, so let me tell you what that actually means and how it benefits you as someone who needs data to innovate: