Recent regulatory intiatives such as Basel II, Sarbanes-Oxley and HIPAA have led to increasing responsibility for managing enterprise data assets. Data management is increasingly seen as a crucial component of the overall enterprise architecture. Due to new and emerging compliance requirements, enterprise data is now more scrutinized than enterprise applications. Compliance regulations specifically highlight the need for having sound data policies, procedures and processes to ensure data accuracy.
Before we delve into the details of compliance initiatives, let us examine another regulated industry: supply of potable water (regulations enforced by the Environmental Protection Agency). This regulation mandates the water quality level required for it to be deemed potable. Town planners must have an effective plan that encompasses systems, people and processes needed to deliver the quality level mandated by the regulations.
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