In today's interconnected, data-driven world, secure data sharing is paramount to inter-company data sharing and driving new revenue sources by monetizing essential data assets.
But with organizations adopting multiple cloud data platforms to enable self-service data access, adhering to data sharing rules and agreements while maintaining universal cloud data access control is often complicated and uncertain.
DBTA held a webinar with Sam Tawfik, director, product marketing, Immuta who discussed the biggest challenges data teams face in sharing data, and their ramifications.
According to a Harvard Business Review survey, organizations know that they need to share data to create value, but 70% of respondents acknowledge that they are not very good at data sharing, Tawfik noted.
Data is now a product and data teams are evolving to reflect that. According to the Immuta Survey: “State of Data Engineering & Operations for Analytics, 2021,” 52% of data teams plan to adopt two or more cloud data platforms in the next 12-24 months. This means there’ll be more data moving about from one place to another while teams figure out what data is important and what isn’t.
Additionally, 75% of survey respondents reported that sensitive data is important to analysis. Furthermore, half (49%) of respondents are actively using sensitive data in analytics.
The traditional data sharing approach follows these basic steps, Tawfik said. Organizations create and maintain new roles for each user policy using role-based access controls, write code that implement privacy preservation techniques for each user, setup the processes to approve/deny requests to access sensitive data, and build an audit and compliance reporting system.
But, several challenges have risen that upended this method. Data hoarding has led to too much data scattered in silos, policy definition and management has complicated where the data is going, and sensitive data access control has evolved.
Tawfik recommended organizations do the following:
- Quantify the business value of any missed opportunities
- Understand regulatory requirements
- Foster data sharing culture across all your organizations
- Eliminate process barriers
- Prepare the technical environment
An archived on-demand replay of this webinar is available here.