Watch full webinar here: https://buff.ly/48rpLQ3
Join us for an enlightening webinar, "Mastering Data Compliance in a Dynamic Business Landscape," presented by Denodo Technologies and W5 Consulting. This session is tailored for business leaders and decision-makers who are navigating the complexities of data compliance in an ever-evolving business environment.
This webinar will focus on why data compliance is crucial for your business. Discover how to turn compliance into a competitive advantage, enhancing operational efficiency and market trust. We'll also address the risks of non-compliance, including financial penalties and the loss of customer trust, and provide strategies to proactively overcome these challenges.
Key Takeaways:
- How can your business leverage data management practices to stay agile and compliant in a rapidly changing regulatory landscape?
- Keys to balancing data accessibility with security and privacy in today's data-driven environment.
- What are the common pitfalls in achieving compliance with regulations like GDPR, CCPA, and HIPAA, and how can your business avoid them?
We will go beyond the technical aspects and delve into how you can strategically position your organization in the realm of data management and compliance. Learn how to craft a data compliance strategy that aligns with your business goals, enhances operational efficiency, and builds stakeholder trust.
3. Empowering your business
through advanced ERP and
data mastery."
Mission Statement: "At W5 Consulting, we harness our unparalleled
expertise in data to empower enterprises globally. Our mission is to shape a
world where technology and data converge, unlocking limitless potential for
our clients, today and tomorrow."
19-Feb-24 Copyright 2023 www.w5consulting.com 3
4. 3 Main Pillars
Data Harnessing over 25 years of expertise, we transform vast
data streams into strategic insights, ensuring businesses
understand their present and can confidently forecast their
future
ERP (Enterprise Resource Planning) With a rich track record in
data migrations and ERP lifecycle management, we offer
comprehensive end-to-end services for leading platforms,
ensuring seamless integration and operational excellence
Compliance Our ComplianceOps division, with over 30 years of
experience, delivers end-to-end solutions to ensure businesses
adhere to data protection regulations, bridging the gap between
technology and regulatory requirements
19-Feb-24 Copyright 2023 www.w5consulting.com 4
5. Expertise and Approach
19-Feb-24 Copyright 2023 www.w5consulting.com 5
Over 25 years of expertise in data migrations, conversions, and
upgrades
Served over 800 clients across sectors: Oil & Gas, Financial
Consulting, Supply Chain, Sales & Distribution
Solutions tailored to clients' unique needs
Focus on data quality, enterprise information management, and
real-time insights
Our
Expertise
People: Deep integration into client culture for best solutions
Process: Aligning client processes with business objectives
Technology: Tailored technological solutions after
understanding people and processes
Our
Approach
6. 19-Feb-24 Copyright 2023 www.w5consulting.com 6
Agenda
Introduction to Data Privacy Regulations
Overview of CCPA and GDPR: Objectives and Key
Requirements
Understanding Data Virtualization
Definition and Key Concepts of Data Virtualization
Data Virtualization and Governance for PII
Explaining How Data Virtualization Involves No Data
Ownership
Challenges and Solutions
Common Challenges in Implementing Data
Virtualization for Compliance
Case Studies
Real-World Examples of Data Virtualization in
Compliance with CCPA and GDPR
Conclusion, ROI, and Q&A
Summary of Key Takeaways
7. 19-Feb-24 Copyright 2023 www.w5consulting.com 7
Requires explicit
consent for data
processing.
Mandates right to
data erasure ("Right
to be forgotten").
Allows consumers to
opt-out of personal
data sale.
Requires disclosure of
data collection
practices.
Demands
confidentiality of
health information.
Restricts sharing of
health data without
explicit consent.
Obliges organizations
to obtain consent for
data collection.
Enforces
accountability for data
security and
breaches.
Grants individuals the
right to access their
personal data.
Imposes obligations
for data breach
notifications.
Penalizes
unauthorized access
to or disclosure of
data.
Focuses on data
privacy and security in
electronic
transactions.
Controls the use of
personal data by
businesses.
Restricts cross-border
data transfer without
adequate protection.
Enforces responsible
data processing in line
with privacy
principles.
Mandates companies
to appoint a Data
Protection Officer
(DPO).
Requires regular
privacy impact
assessments for high-
risk processing.
Enables data
portability – right to
transfer data between
services.
Demands
transparency in the
use of automated
decision-making and
profiling.
Imposes heavy fines
for non-compliance
with data protection
regulations.
Introduction to Data Privacy Regulations
Overview of CCPA and GDPR: Objectives and Key Requirements
The Importance of Data Privacy in Today's Digital Landscape
8. 19-Feb-24 Copyright 2023 www.w5consulting.com 8
ABC Company, which has experienced 20 breaches of Personally Identifiable
Information (PII), we need to consider a few factors:
The Regulatory Framework Involved: Different regulations have different fine
structures. For instance, if the breaches fall under GDPR, the fines could be
substantially higher compared to other regulations.
Severity and Nature of Breaches: The total fine often depends on the severity of
the breaches and whether they were a result of negligence or intentional
misconduct.
Number of Individuals Affected: The more individuals affected by the breaches,
the higher the potential fines, especially under regulations like GDPR and CCPA.
Serious Infringements Fines under GDPR: Up to €20 million or 4% of global
turnover, whichever is higher, for each breach.
If ABC Company's global turnover is not a factor (i.e., less than €500 million
annually), the maximum fine per breach could be €20 million.
For 20 breaches, the maximum total fine could potentially reach up to €400
million (€20 million x 20 breaches).
Introduction to Data Privacy Regulations
Overview of CCPA and GDPR: Objectives and Key Requirements
The Importance of Data Privacy in Today's Digital Landscape
9. DATA CATALOG
Discover - Explore - Document
{ API ACCESS }
RESTful / OData
GraphQL / GeoJSON
SQL
DATA VIRTUALIZATION
CONNECTIVITY
Traditional
DB & DW
150+
data
adapters
Cloud
Stores
Hadoop
& NoSQL OLAP Files Apps Streaming SaaS
Query
Optimization
Security
AI/ML Governance
Semantic
Layer
Real Time
Acceleration
Caching
DATA OPS
Deployment
Cloud PaaS
Containers/K8
On-Prem
Monitoring
Scheduling
Version Control
DEVELOPMENT
MODELING
DELIVERY
MDX Access
Denodo Cubes
10. 10
Bridges the Gap between IT and Business
▪ Marketplace for Data Products and streamlined data shopping experience minimizes data discovery
time allowing for faster business insights, while making relevant data accessible at real-time.
▪ Guided Data Discovery
▪ AI-driven recommendations for critical and related data sets
▪ Business metadata for organizing and contextualizing data assets
▪ Collaboration and governance features fostering teamwork
▪ Trusted Data with Data Lineage, Usage Statistics, and Profiling
▪ Fully Integrated with Delivery Layer
▪ Always in synch with underlying Denodo Platform
▪ Integrated governance, data access, and data masking
▪ Collaboration between business users using Data Catalog and Developers using Design Studio
Denodo Proprietary and Confidential
12. "Harnessing Data Virtualization for Compliance"
12
REDUCED DATA
EXPOSURE
CONTROLLED DATA
ACCESS
SIMPLIFIED
COMPLIANCE
MANAGEMENT
ENHANCED DATA
GOVERNANCE
AGILITY IN
COMPLIANCE
ADAPTATION
Data Virtualization and Governance for PII
Explaining How Data Virtualization Involves No
Data Ownership
The Impact of Non-Ownership on Compliance and
Data Privacy
12
16. Compliance and Data Virtualization with Denodo
19-Feb-24
Copyright 2023 www.w5consulting.com 16
Data Centralization: Data
virtualization allows organizations
to centralize their data sources,
making it easier to locate and
manage sensitive data relevant to
compliance requirements.
Real-time Data Access: It provides
real-time access to data across
various systems and locations,
ensuring that compliance
reporting is based on the most up-
to-date information.
Data Masking and
Anonymization: Data
virtualization enables the masking
and anonymization of sensitive
information, ensuring that
personally identifiable data (PII) is
protected in accordance with
privacy regulations like GDPR and
HIPAA.
Data Encryption: It facilitates data
encryption during transit, ensuring
that data remains secure while
being transferred between
systems, which is essential for
GDPR, HIPAA, and ITAR
compliance.
Data Auditing and Logging: Data
virtualization solutions often
include robust auditing and
logging capabilities, allowing
organizations to track data access
and changes, which is crucial for
demonstrating compliance.
17. 19-Feb-24
Copyright 2023 www.w5consulting.com 17
Data Governance: It supports data
governance practices by providing
visibility into data lineage,
metadata management, and data
quality, helping organizations
maintain compliance with
regulatory requirements.
Fine-grained Access Control: Data
virtualization allows organizations
to implement fine-grained access
controls, ensuring that only
authorized individuals can access
sensitive data, a key requirement
under many regulations.
Data Consistency and Integrity: By
presenting a unified view of data,
it helps maintain data consistency
and integrity, reducing the risk of
compliance violations due to
inaccurate or inconsistent data.
Rapid Compliance Reporting: Data
virtualization accelerates
compliance reporting by
simplifying data retrieval and
analysis, enabling organizations to
respond quickly to compliance
audits and requests.
Scalability and Flexibility: It offers
scalability and flexibility in
handling diverse data sources and
formats, accommodating changes
in compliance requirements and
supporting the integration of new
data sources.
Compliance and Data Virtualization with Denodo
18. Real World
Cost Savings Example: Acme Corp vs. XYZ Inc. Using
Data Virtualization
19-Feb-24 Copyright 2023 www.w5consulting.com 18
XYZ Inc.'s Scenario without Data Virtualization
Implementation: XYZ Inc. continued with traditional data storage and management systems.
Compliance Challenges: Struggled to align with GDPR and CCPA, requiring extensive database restructuring.
Costs: Significant investments were made in database redevelopment, additional storage solutions, and
compliance software.
Penalties Incurred: XYZ Inc. faced medium-level penalties due to GDPR and CCPA violations, amounting to
approximately $500,000.
Remediation Costs: Extensive data remediation was required to comply with regulations, costing around
$300,000.
Estimated Total Cost: XYZ Inc. spent over $800,000 in penalties and remediation, not including the ongoing costs
of maintaining compliance.
19. Real World
Cost Savings Example: Acme Corp vs. XYZ Inc. Using
Data Virtualization
19-Feb-24 Copyright 2023 www.w5consulting.com 19
Acme Corp's Scenario with Data Virtualization
Implementation: Acme Corp implemented Denodo's data virtualization technology to manage customer data.
Compliance: This approach organically complied with GDPR and CCPA, avoiding the need for extensive database
restructuring.
Costs: Acme Corp's initial investment was mainly in the data virtualization software and minimal restructuring.
Penalties Avoided: By maintaining compliance, Acme Corp avoided any penalties associated with GDPR and CCPA
violations.
Remediation: Minimal to no remediation was required due to the non-physical storage of data.
Estimated Savings: Acme Corp incurred minimal costs in compliance and remediation, significantly lower than
traditional data management methods. Typical assessment and remediation range is 50-80k
20. Benefits and ROI
• Reduced Compliance Costs
• Minimized Risk of Data Breaches
• Efficient Data Management
• Enhanced Data Governance
• Scalability and Flexibility
• Time and Resource Savings
• Improved Data Access and Utilization
• Cost-Effective Data Integration
• Avoidance of Penalties
• Enhanced Customer Trust
20
21. Conclusion and Q&A
Summary of Key Takeaways
Open Floor for Questions and Further Discussion
19-Feb-24 Copyright 2023 www.w5consulting.com 21
Reduced Data
Duplication
Enhanced
Data Privacy
Lower
Compliance
Risks
Streamlined
Data Access
Reduced Data
Management
Effort
Cost Savings
Real-time
Data
Processing
Agility in Data
Integration
Scalability and
Flexibility
Simplified
Data
Architecture
22. Compliance and Data
Virtualization with Denodo
START
Our Privacy assessment service can help your
business achieve and maintain compliance with
the specific regulations. By conducting a thorough
assessment of your business processes and data
protection practices, we can identify areas of non-
compliance and help you take the necessary steps
to achieve compliance. This can help you avoid
costly fines and legal actions that can result from
non-compliance.
Our assessment services can also help you
enhance your data governance and improve your
data security, which can lead to increased
customer trust and loyalty. By identifying and
mitigating potential data privacy risks, we can help
you prevent data breaches and other security
incidents that can damage your reputation.
19-Feb-24 Copyright 2023 www.w5consulting.com 22
23. Expertise and Approach
19-Feb-24 Copyright 2023 www.w5consulting.com 23
ERP: End-to-end services for leading ERP
platforms, ensuring optimized operations
Analytics: Transforming vast data streams
into strategic roadmaps
ComplianceOps: Compliance solutions
covering PII discovery, frameworks, and
remediation
Specialized Tools: GrapeSeed for
inventory tracking, Meister Core for
enhanced SAP performance, and
connectors to commodities services like
Platts and OPIS, and Avalara Tax Connector
Migrations:
Comprehensive
services for data
integrity and
functionality.
24. Expertise and Approach
19-Feb-24 Copyright 2023 www.w5consulting.com 24
CAGE Entity: W5 is a CAGE certified
provider of solutions/services, supporting
direct and partnered government awarded
contracts
Security Clearance: Many W5 consultants
possess various levels of security clearance
Secured Data: W5 is equipped to work
with sensitive data (EG: FedRAMP Cloud,
IL4, IL5, CUI, PII, Secret, Top Secret, etc.)
Government Entities: W5 Consultants
have worked on all levels of government,
from local municipalities to US Federal
Government
Experience
25. Risk Assessment and
Mitigation
19-Feb-24 Copyright 2023 www.w5consulting.com 25
Identify and assess potential risks across the
organization
Identify
and
assess
Establish controls to mitigate identified risks
Establish
Track and monitor remediation efforts for
improved risk management
Track
and
monitor
26. Policy and Procedure
19-Feb-24 Copyright 2023 www.w5consulting.com 26
Simplifies policy creation, distribution,
and maintenance
Simplify
Ensures consistent policy adherence
throughout the organization
Ensure
Enables quick updates and
dissemination of new policies
Enable