Please enjoy this quick summary of ILTACON session entitled “Data Mapping for 2023 and Beyond: What Is It and Why Is it Important?” by Ariyah Mandel, VP of Discovery Services, Gulfstream Legal Group.
The session delved into the essence of data mapping, tracing its historical roots while highlighting its present-day significance. It's no longer a tabletop exercise; modern data mapping is dynamic, operational, and far-reaching.
Navigating Compliance Through Data Mapping
Data mapping proved its mettle in compliance landscapes. The General Data Protection Regulation (GDPR), CPRA, HIPAA, and a wide slew of other data privacy regulations demand data understanding, pushing firms to create data maps. Even post-Equifax breach, comprehensive mapping became a requirement, emphasizing its role in managing legal risks and meeting regulatory obligations.
Business Boost: Mapping for Value
Data mapping is more than a regulatory checkbox. It’s a catalyst for business transformation. By uncovering data flows and patterns, it paves the way for operational excellence, security, and strategic advancement. It holds the key to optimizing processes, reducing costs, and enhancing customer experiences.
Peering into the Crystal Ball: Data Mapping's Future Impact
The future is data-driven, and data mapping will be its compass. The session emphasized the value of structured data in driving AI and other emerging trends. As regulations tighten and data complexity grows, organizations must embrace discovery technologies to maintain compliance inventories.
Taking Charge Tomorrow: Actionable Insights
Listeners were challenged to act today for a successful tomorrow, and not fear the challenge of trying to tackle your personal ocean of data and data sources but find a single key source to start with and build from there. A pat on the back is well deserved, for just starting the process. For compliance, data mapping may be a regulatory necessity, but It unravels the complex journey of your data, ensuring its protection, legality, and utility. In the realm of business value, data mapping empowers informed decision-making, innovation, and competitive differentiation.
Why Bother? The Profound Whys
"Why bother?" was asked? Well, for one compliance. But it's also about mastering data’s dance through your organization to provide valuable insight and value. For value, it’s unearthing innovation gold mines. For tech aficionados, it’s bridging data systems for decision makers. In essence, data mapping secures today and shapes your business tomorrows.
Keys here are to remember that data mapping isn’t just about where data is; it’s about where your business could be headed. So, we encouraged all to chart a course, harness the power of data mapping, and conquer the onslaught of compliance and innovation to see your way to business brilliance and simplify your path forward!