Sensitive data can reside in many different business systems. The systems don’t have to be active either; they may be retired applications or abandoned sites. But if you don’t have the tools to identify PII, PCI, PHI, and corporate records, you run the risk of this information being exposed, lost, or stolen. Your organization could be in breach of various compliance regulations including privacy.
Organizations have different ideas of what value looks like for them, their stakeholders, and their customers. For some it might be better insight and decision making; for others, reducing the cost to manage information. You need to understand the business you are in, the information you have, where it lives, and the purpose it serves. Then you can organize the data by business value, context, and relevance.
Proactive information classification powered by rich analytics allows organizations to bridge distinct data silos and deliver granular insight into information. You can surface only the most relevant information, facilitating business activities while protecting sensitive data. By automating and removing manual processes for accessing, understanding, and applying policy, classification technologies simplify risk mitigation.