Data Governance in Australia
Despite a number of high-profile data breaches and continuing concerns around cyber-security, nearly two thirds of organisations don’t believe their board has sufficient understanding of current data governance challenges.
Our latest Thought Leadership piece, Data Governance in Australia, found a majority of respondents surveyed were not positive about how their organisation manages and protects important data, with 57% describing it as ‘average’ and 4% as ‘poor’.
The report is the result of a key strategic research partnership between the Governance Institute and Macquarie University’s DataX Research Centre, together with a panel of experts to provide contextual analysis.
The findings are based on a survey of 345 CEOs/C-suite executives, non-executive directors, and senior governance and risk professionals.
Key findings include:
- Almost 60% say the board does not have an understanding of the organisation’s current data governance challenges.
- The standout risk around data governance is cyber-attacks, followed by emergent technologies and AI.
- Siloed data holdings, underestimating the value of data and not having proper data governance frameworks are key issues for organisations in 2023.
- A third of organisations don’t have data governance on the risk register.
- Just under a third of organisations regularly purge data, mostly on an annual basis.
Governance Institute CEO Megan Motto is available to discuss the report findings. To request an interview, please email firstname.lastname@example.org.