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.
Media Enquiries
Governance Institute CEO Megan Motto is available to discuss the report findings. To request an interview, please email media@governanceinstitute.com.au.
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