Data Inventory for Business: Mapping Your Business Data Assets

data inventory for businessOne of the most important tools that you can use to identify personal data within the data mapping process is data inventory for business. It is extremely beneficial for regulatory compliance and can help companies to better manage their most important asset: data. Personal data mapping for business data assets can help an organization in many ways, depending on their goals. The data mapping process can help to improve revenue, optimize the consumer experience, and even mitigate security risks. Unfortunately, many businesses do not effectively use their data and are missing out on these benefits. If you are interested in learning more about data mapping and inventory, Synivate can help.

What is Data Mapping?

Before you can determine whether something is right for you and your organization, it pays to learn all you can about it. Data inventory for business represents the catalog or map of your company’s data assets. Business data assets can provide insight and knowledge that can be used to deliver valuable information about how data flows through an organization. In addition to gaining better access to this essential information, personal data mapping can assist in providing more comprehensive security and protection for the data that is stored on the network. A typical inventory will contain an up-to-date record that includes all data assets, including their location, source, format, access permissions, file owner, and other important properties.

Data mapping is extremely beneficial for businesses that want to make improvements to their operational efficiency. The data mapping process can also reveal information that can be helpful to mitigate risk and make strides toward specific outcomes. This is a considerable advantage for companies that need to identify their high-value or high-risk data and learn how to better manage it within the enterprise and system as a whole. Improved access to data can increase productivity, making it easier for staff to use it effectively on a day-to-day basis. However, understanding what data could be at risk for cyber attacks and other nefarious uses is critical to ensure the data does not get into the wrong hands. Customer information, including credit card numbers, social security numbers, and other identifying details is just one example of data that must be protected at all costs.

Putting Your Data to Work for You

There are many advantages associated with getting control over data inventory for business. For example, the data mapping process itself can identify and sort the data into different categories that can then be stored, used, and accessed, as needed. Even unused data, which otherwise might not be categorized, can be identified and marked for deletion or removal once it is okay to do so. Examples of this type of data might include duplicated data, data that is under a legal hold, intellectual property data, or data that needs to be held for compliance purposes. Personal data mapping can make it a lot easier to locate the specific information when it’s time to dispose of it, while protecting it, if necessary, to prevent unauthorized access.

It helps to work with a professional technology team like Synivate to assist you in mapping your business data assets. There are many challenges associated with building and maintaining a data inventory to ensure that nothing gets forgotten or overlooked. Depending on the type of business that you operate, data could be lurking just about anywhere on your system, and some of that information might be sensitive and require protection. Our team will work with you to identify the areas of your business that require the most immediate attention and to alert you to things within the data mapping process that you need to be aware of to safeguard your business. Software can be used for data discovery, while other programs can be used to evaluate data quality and quantity on a regular basis.

Contact Synivate for More Information

If you would like to learn more about how data inventory for business can help you to protect, organize, and evaluate your existing data, contact Synivate. Our team can answer any questions you might have about personal data mapping, help you implement a business continuity program, and assist you in designing a network security program that is best for your business and the industry that you serve.