- DataGovernanceApp is a novel mobile-based application exclusively designed to protect businesses against claims of non-compliance from consumers and regulators.
DataGovernanceApp, a solution to Data Governance risk exposure
Dramds.com Ltd., a British technology company, now offers a same-day solution to Data Governance risk exposure with its DataGovernanceApp. DataGovernanceApp could be accessed via all desktops, mobile phones, laptops, and tablets. Thus, it is a novel solution for mobile apps.
Its deployment across a corporate network could take about three hours, depending only on whether the consumer has a tailored list of risks and controls. The typical pricing is approximately USD 200,000 based on 100 users that too exclusive service taxes.
Novel mobile-based application
DataGovernanceApp is a novel mobile-based application exclusively designed to protect businesses against claims of non-compliance from consumers and regulators. Moreover, it is configured to meet major regulatory frameworks such as SOX, ISO 27001, Generations of Basel, Cobit 5, and COSO by requiring signatures in-app after testing and certification.
The dramds provide various suitable risk and controls catalogs based on Data Quality testing and Data Ownership and could also write the custom record for a consumer’s requirements. Moreover, it generates its certification packs that role-up the governance, testing, risk, and controls for high-level management review, with in-app photos of system testing evidence.
Five-way modular approach
Compliance with such a broad range of data governance regulations is achieved via the following five-way modular approach to the in-app user experience.
1. Management information reporting: it is a graphical representation of data on the dashboard in DataGovernanceApp. Thus, the modules are built as standard and can be customized to the end-users needs.
2. Controls: these are rules that are sent, signed, and dated by DataGovernanceApp through time-stamped email to create the audit trail. Auditors and regulators need this evidence for data governance.
3. Deficiencies module: it captures the gaps in risk management, dates, and mitigation to resolve them.
4. Risks: to make money, the company accepts certain risks, but the Risk module captures key risks, ranks them, and define them as per framework concepts such as Materiality. An organization’s risk methodology could tailor the DataGovernanceApp risk relationship.
5. Testing module: this comprises speed-dials on the back-end user database for users who need laptop experience.
Dr. Anthony McDonagh-Smith, Data Governance Expert in GRC (governance, risk management, and compliance), commented: “DataGovernanceApp is not just a tool, it can produce a risk or controls certification pack routinely and email out via your own servers.”
He further added, “Ultimately, assurance comes from the signature handwritten on to the app which signs off the company’s risk management solution. DataGovernanceApp can protect the organization from a penalty by pragmatically evidencing the governed data landscape: one that requires minimal investment in infrastructure or system transformation and is readily deployable.”